Why do some people buy a house in Austin, TX?
AUSTIN, Texas — The real estate market has become so hot that people from across the country are now buying houses in the city.
Some of these people are from other parts of the country, but most are from Texas, where home prices are soaring at a time when many other parts are experiencing a housing crisis.
According to a recent study, Austinites are buying homes at a rate of nearly 2,000 homes per month.
It was the fastest-growing housing market in the country between 2013 and 2016, according to data from Trulia, a real estate website.
While some of these homes are worth tens of thousands of dollars, the median sale price of a home in Austin is around $500,000.
That’s a steep price to pay for an apartment that’s nearly two stories high, but many people are choosing to move out of the city to get away from it all.
Many of the buyers are moving to the city because of a rising demand for housing and to save money.
“I want to be able to get back to my roots and enjoy my family and my life,” said Tessa Clements, a 27-year-old student from Dallas who bought a home for $2.9 million in 2018.
Clements has lived in Austin for nearly a year and works part-time at a local McDonalds.
She moved out of her parents home in Dallas last summer because she didn’t want to live with them.
After moving to Austin, she said, she saw a house that she liked so much that she bought it for her and her boyfriend, who are both 21 years old.
They’re looking to save on their mortgage, so she said she’s been saving to buy the house herself.
When they are ready to move in, they’ll pay $4,000 a month for the house, she told us.
As the number of Austinites moving to Texas continues to increase, some local realtors have begun to sell homes to people who want to move back home.
Bartender Jim Lee told us he is working with several of his friends to sell their homes to buy another home in the Austin area.
Lee, a bartender, said he is selling his house in Dallas because it is not in the market anymore.
He said he will sell it for $1.9-million in October.
His friends have been living in Austin since they moved here from Mexico a few years ago.
They now own four homes in the area, and he said he hopes to sell the last of his Austin house and move to Dallas as well.
In 2018, Austin had the third highest number of new home sales in the nation.
The number of homes sold increased by more than 5,000, or about 20 percent, compared to the previous year.
A new housing boom is also taking place in Houston, where there are more than 7,500 new home listings.
For example, more than 1,600 houses were sold in the Houston area last year.
In the Austin region, that number rose by more a million to 3,848 homes.
There are a lot of people who have purchased houses and are moving back to Austin.
Austin is also seeing a spike in home prices.
The median price of homes in Austin last year was $3.2 million, according the Trulia report.
But that number dropped by about 10 percent to $3,400, and the median home price in the greater Austin area is $2,600, according Trulia.
Realtor Michael Bales said that Austin is seeing a rise in demand for homes that are not located in the surrounding area.
“A lot of new buyers are buying houses closer to where they live, so they’re going to get a higher price,” he told us in a phone interview.
“A lot is also being bought by younger people and people who are in their 20s, 30s and 40s.”
But Bales also said that he believes the market will continue to grow as more and more people move out.