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A new data analysis from the Texas Real Estate Research Center seeks to dismiss assumptions about Texas transplants driving up residential real estate.
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The county received more than 3,300 applications in the first week alone. By comparison, fewer than 1,000 people applied over six weeks to a similar program last year.
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If Austin City Council members OK a cost estimate for the study early next year, city staff could go ahead with the analysis.
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The Biden administration has doubled duties on lumber imported from Canada. Critics argue it hurts the goal of affordable housing.
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People in Austin's music industry historically haven't made much money, so the ecosystem has had to depend on affordable housing to thrive.
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In the past year, the median sales price of a home in Austin rose more than $100,000. At the same time, rents have been increasing at the fastest pace ever recorded.
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While rents in Austin have typically increased by up to 5% each year, this past year they have risen nearly 20%, according to some numbers.
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For those looking to enter the market, one expert says higher prices “are here to stay.”
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Un estudio anual sobre los costos de renta encontró que Austin es la ciudad más cara en Texas.
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An annual study examining housing costs for puts Austin's costs at the top of any Texas city.