August 2015

There are 2 blog entries for August 2015.

By: Lindsey Wilson 

We know rents are high, but now we know for sure that they're higher than paying a mortgage. Like, a lot higher.

Zillow's newest affordability report reveals that rents hit their least affordable point in the second quarter of 2015, when U.S. renters were shelling out 30.2 percent of their monthly income for that temporary roof over their heads. Fifteen years ago, it was only around 24.4 percent.

In contrast, mortgages are costing homebuyers only 15.1 percent of their monthly income. Before the housing bubble burst in the late 2000s, buyers could expect to budget about 21 percent for their mortgage.

In high-demand cities such as Los Angeles, San Jose, Miami and San Francisco, the rents are predictably nuts: up to 40

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By: Arden Ward 

The Austin real estate market is super competitive and getting pricierby the day, but it's also one of the healthiest in America. A new study from WalletHub ranks the health of housing markets in 25 big U.S. metropolitan areas, and Austin is positioned near the top.

Wallethub analyzed metro areas based on 10 key metrics, from the interest rate on a first mortgage to the percentage of households that have received state or local assistance on their first housing loan. Based on the analysis, Austin has the sixth healthiest housing market. 

Among the metros studied, Austin has the second lowest down payment percentage (14.51 percent); only San Antonio fares better (13.71 percent). Nearly 55 percent of Austin homeowners had a down

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