Wednesday, January 18, 2017

2016: A banner year for Austin-area home sales, but affordability creates supply imbalance

Austin's housing market remained robust throughout 2016, but there are some chinks in the armor. In some of the most convenient neighborhoods to downtown Austin — where many jobs are located — homes are out of reach for most workers while nearby luxury areas are seeing a glut of properties for sale. It's becoming a tale of two, maybe three or more cities. The Austin Board of Realtors released its 2016 sales report Wednesday, which shows that the city of Austin is far more expensive than the…

from DIYS http://ift.tt/2iCGADJ

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