AUSTIN (Austin Business Journal) — The majority of Austinites can’t afford an entry-level home, according to a new study.

John Burns Real Estate Consulting LLC concludes that 49% of Austinites have the ability to break into homeownership. That’s down from a historical level of 59%, the firm reports.

The average percentage of households that can afford an entry-level home of the 130 major markets the firm analyzed nationwide was 54%. The Texas average was 55%.

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