Found 3 blog entries tagged as property value.

Realtor.com shares, "the country's biggest festivals have had a dramatic—and very positive—impact on the housing markets in towns and cities that host America's most popular events, from Coachella to Lollapalooza, new Realtor.com® data has revealed.

Every year, hundreds of thousands of visitors converge on places like Austin, TX; Indio, CA; and Park City, UT, with many opting to take advantage of short-term rentals (STR) for the duration of their stay, rather than hotels, which often have higher prices and fewer home comforts.

The influx of festivalgoers provides local homeowners with a lucrative opportunity to earn extra income by leasing their homes as STRs—a trend that has seen local house prices in many festival hot spots nearly double in…

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Median interest rates for home loans in the Austin area stood at 6.5 percent in 2023, the report found. Photo by Johnson Johnson on Unsplash

CultureMap Austin writes, "Whether a homeowner's mortgage lasts for 15 or 30 years, paying off such a large debt can be an arduous process. But luckily for homeowners living in the Austin area, paying off a mortgage is much easier than it is in many other large metropolitan areas in the country, according to a new report by SmartAsset.

Austin-Round Rock-Georgetown ranked No. 10 in SmartAsset's new study analyzing the top 40 large U.S. metros where it's easiest to pay off a mortgage. Rankings were determined based on the principal and interest payments for conventional 30-year fixed rate mortgages issued in 2023, relative to the median income of new homeowners.

Leading the nation as the No. 1 easiest place to pay off a mortgage is Pittsburgh,…

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Texas dominated the list, with five of the top spots taken by metro areas in the state. benedek/Getty Images


  • Property values in Austin have soared over the past 25 years, an analysis from SmartAsset found.
  • The study analyzed average home value data in metro areas from 1998 to 2022.
  • Texas dominated the top 10, with five of the top spots taken by areas in the state.

Business Insider reports, "home values in the Austin area have soared over the past 25 years. 

The Texas city snagged the top spot along with neighboring areas Round Rock and Georgetown in a recent study from SmartAsset. The financial technology company found property values in the metro area had jumped 354% since 1998. 

The study analyzed average home value data in 400 metro areas between 1998 and 2022, calculating collective increases to measure growth and drops in value…

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