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Austin, TX listed among the most affordable cities in the USA

toddsmith — Sat, 05 Dec 2009 03:26:23 +0000

If you are in the market for a new home, you may be finding that many homes are simply out of your price range despite the recession and the increased number of foreclosures. Nationwide, house prices actually rose about 3% for the second consecutive quarter in 2009, partly due to lower mortgage rates and an extension of the First-Time Homebuyer Credit.

However, if you happen to live in one of the most affordable US cities – or able to relocate – there are still places where you can get a lot more house for your money. Traditionally of course some areas of the country have always been more affordable than others – the Midwest and Southeast, for example.

A recent study by the National Association of Home Builders of the most affordable large cities in America found that Indianapolis, IN is the most affordable place to live. The average house price is an affordable $107,000 – a figure well below the national average of $190,000. Most of the city’s 2 million residents or so can easily afford to buy as the average family income is around $68,000.

The city suffers from unemployment along with everywhere else, although at around 7.7%, it’s less than the national average of almost 10%. It’s not only the affordable housing and the overall standard of living that make the city such a draw. Residents will tell you their city has great shopping and nightlife, a world-class children’s museum and of course, the country’s most famous racetrack.

Depending on which list you go by, the second and third most affordable cities are both in the Midwest as well – Detroit, MI and Youngstown, OH. Both of these cities have lost a significant number of jobs during recent years, meaning more foreclosures – and more bargains for homebuyers. A perfectly adequate three-bedroom house in Detroit just sold for $6,900 – less than half the price of most new cars.

Pittsburgh, St. Louis, Kansas City and Cincinnati are all also inexpensive places to live, with lower than average house prices. And Texas has several large metropolitan areas that regularly appear in lists of most affordable cities – Austin, Dallas-Fort Worth and Houston. If you are looking for something more rural, Pennsylvania, North Carolina and West Virginia are all inexpensive.

And the least affordable cities in the United States? It will come as no surprise to residents of New York City, Honolulu and Los Angeles to learn that those places have the highest house prices in the country. In most of these cities, you will need close to half a million dollars to buy a house, rather than an apartment.

Richard Ray writes for the Householders Guide where you can find up to date real estate news and household information.

Article Source: http://EzineArticles.com/?expert=Richard_Ray

Bella Terra, the perfect home for your Austin style.

falstaff — Mon, 09 Feb 2009 01:03:14 +0000

Bella Terra features an unsurpassed combination of functional luxury and affordable style in the heart of Austin, Texas. This private, gated community offers many unique floorplans and each home boasts personal individual flourishes. Enjoy stainless steel appliances, granite countertops, ceramic tile floors, recessed lighting, and solid wood cabinets.

Residents of Bella Terra can enjoy the elegant community swimming pool and spa and the sophisticated cabana with outdoor grills for entertaining. The neighborhood enjoys professionally maintained landscaping so the surroundings are lush and manicured.

Children of Bella Terra can attend the acclaimed Pflugerville schools that are located just a few miles away.

Search our Featured Properties to find available Austin real estate.

The Austonian

falstaff — Sun, 01 Feb 2009 03:33:45 +0000

Soaring above downtown Austin, the Austonian is the tallest residential building in Texas. This luxurious residential community offers unparalleled service and amenities to its residents.

Enjoy the most fabulous views of the city lights from 55th Floor Austonian Club, the most luxurious place to throw a party.

Take advantage of the Media room with leather stadium seating, surround sound system, 133-inch viewing screen and high-performance speakers.

A 6,000 square foot state-of-the-art fitness center with exercise equipment, pilates, free weights, private fitness studios, spa treatment rooms,men and women’s restrooms, and lounge area.

The building also boasts secured and gated parking, secure climate-controlled wine storage and additional private storage spaces.

This is luxurious Austin living at its best , get ready to call The Austonian home.

Use our Property Search to find luxury homes in Austin, Texas

What’s Selling in Austin Texas

falstaff — Wed, 21 Jan 2009 02:46:02 +0000

The nation may be tightening its economic belt but real estate is still selling in Austin Texas. Lets take a moment to see what is being bought and sold in the area.

Currently most of the homes that are selling are priced at $399,999. or less. Most homes are in newer subdivisions and are located within 10 miles of the downtown metro area.

There are many high-end homes on the Austin market that are also selling. Eleven homes of $1 million dollars or more went under contract from Jan. 5-11. The majority of these homes were either in northwest Travis County or the Westlake area.

On the low-end of the real estate spectrum, the least expensive home sold in early January was a fixer-upper priced at $24,900. Most of the low-end homes on the markets were condominiums in Williamson, Hayes and Caldwell counties.

Get out there and discover the value and even bargains that can be found in this challenging housing market.

Use our Property Search to find a variety of Austin Real Estate that is perfect for you and your family.

Cat Mountain, a natural haven in the center of Austin, Texas

toddsmith — Sat, 29 Nov 2008 05:16:30 +0000

Cat Mountain may seem like it is a world away from the hustle and bustle of downtown Austin but really it is only 15 minutes away. The broad, wild area of Cat Mountain is one of Austin’s hottest residential areas. Homes start around $300,000 up to the millions. Cat Mountain encompasses more than 20 square miles of Texas Hill Country and includes the developments of Northwest Hills, Cat Mountain Villas, the Overlook,and Cat Mountain North. Thanks to its beautiful setting and natural attributes Cat Mountain is one of most active real estate markets in the area.

Development of Cat Mountain began in the 70s and today is home to more than 25,000 residents. The surrounding terrain is dramatically steep and rocky and lends itself to zero-lot-line and multi-level properties.

This area use to be considered on the very outer edge of west Austin but today due to growth it is considered Central Austin area.

Use our Featured Properties to find luxury homes in the Austin area

Mueller features affordable housing in Austin Texas

toddsmith — Fri, 07 Nov 2008 03:32:46 +0000

The development at Mueller includes all kinds of homes including affordable homes. More than 1,000 of the homes, condos and apartments have been specifically reserved for low income families. Real estate in Mueller is reserved for households that make less than 80% of the Median Family Income for the City of Austin. Therefore Muller is one of the largest communities that offers workforce housing in Central Texas.
The Affordable Homes Program at Mueller offers both for-sale and for-rent homes. These affordable homes are interspersed throughout the development and blend seamlessly with the rest of the community.

For questions and inquiries about affordable homes in the Mueller multi-use development please contact Todd Smith.

Westlake Hills in West Austin

toddsmith — Wed, 29 Oct 2008 03:36:40 +0000

Westlake Hills is located in West Austin on the southwest shores of the Colorado River. This charming neighborhood offers winding streets that lead past large, inviting homes and feature the beautiful natural setting of the Texas countryside. The homes of Westlake Hills boast sweeping views of the Texas Hill Country and spectacular Lake Austin. This neighborhood offers easy access to Austin situated just 15 minutes from the downtown area.

This area is ripe with luxurious developments such as Davenport Ranch, Westview, Rob Roy, Hunterwood, Barton Creek, Lost Creek, Bee Cave Woods and Treemont. Come and discover all that Westlake Hills real estate has to offer.

Search our Austin Property List to search available Austin real estate