The 4th quarter 2010 Texas Housing Affordabliity Index (THAI) as reported by the Texas A&M Real Estate Center continues to show that Austin, TX is the least expensive city of the 5 major metropolitan areas (MSA's) in which First Time Homebuyers can buy a home in Texas compared to the Cities average median income. The rankings are as follows:
AS OF 4TH QUARTER - 2010
Austin 1.30
Dallas 1.82
Fort Worth 2.30
Houston 1.62
San Antonio 1.36
*The Housing Affordability Index is the ratio of median family income to the income required to qualify for an
80 percent, fixed-rate mortgage to purchase the median-priced home. The MLS Area represents the local reporting
Realtors® association's geographical coverage area.*
Scott R. Butcher is a leading mortgage banker with Maker Capital Group, LLC located in Austin, TX. Mr. Butcher is an expert in the industry and offers Conventional, FHA, VA, USDA and Jumbo Loan options. Contact Mr. Butcher today for a free total cost mortgage analysis towards your next purchase or refinance. He can be reached at 512-796-7738 or scott@makercapitalaustin.com
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