The Lone Star State Shines In Real Estate!
August 13th, 2008 Categories: Austin Real Estate News, Dripping Springs Area News
Here is an article I read on Forbes.com that ranks Austin as the #2 city to buy Real Estate!
Texas shines above all other states with Houston as #1 , San Antonio as #5 and Dallas as #6.
It’s easy to see why Texas thrives with it’s high quality of living, abundance of employment, and affordable housing.
Here’s more on Texas Real Estate from the article :
Lots To Like In The Lone-Star State
Texas dominated our lineup of mortgage-worthy areas. Thanks to a business-friendly tax environment, many large corporations call the Lone Star State home, which creates jobs and tax revenue.
The University of Texas campus provides young blood and research-related jobs to No. 2 city Austin. This state capitol is a hip area on the rise. The vacancy rate has fallen by 37.5% in the last 24 months to just 1.5%, despite a lot of building in recent years. And buying isn’t much more expensive than renting. An average mortgage payment is $1,022.40, and average rent hits $767.
San Antonio, No. 5, and Dallas, No. 6, made the list thanks to affordable housing, which continues to appreciate. In both cities, the median home price hovers around $150,000, and a monthly mortgage payment of around $800 is pretty close to what one pays in rent. If you can pony up the down payment, these are great areas to live.
This blog was brought to you by :
Jeremy K. Frost Realtor & Real Estate Blogster
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