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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