Austin boasts Texas' biggest increase in homeownership, says new report
Posted by Grossman & Jones Group on
Propelled in large part by rock-bottom interest rates for mortgages, the homeownership rate in the Austin area has skyrocketed.
An August 12 report from the Texas A&M Real Estate Center shows the homeownership rate in Austin hit 65.3 percent in the second quarter of this year. That’s up from 59.4 percent in the first quarter of 2020 and represents the steepest climb in homeownership among Texas cities.
Since the real estate center began tracking Austin’s homeownership rate in 1996, the highest rate was 69.3 percent, seen in the third quarter of 2006; the lowest rate was 49.2 percent in the fourth quarter of 1996.
The upward trend mirrors what's happening statewide. In June, Texas' homeownership rate hit a new high mark.
According to the…
559 Views, 0 Comments
Elegant home on a large lot with resort style pool on the iconic street of Balcones Dr! Renovated upscale transitional style Kitchen opens to the expansive living room with soaring ceilings. Fabulous architectural features and ample light throughout - Great room with two story ceilings, custom glassed in 1,100 bottle wine room, grand circular staircase, enormous master suite, french doors open to spacious covered al fresco dining area overlooking the refreshing pool and wood burning fireplace.
Prices for the single-family, one- and two-story homes start in the $260s. Square footage ranges from roughly 1,600 to more than 3,500. In all, the project — at U.S. Highway 290 and RR 12 near downtown Dripping Springs — features 21 home designs.
