Austin is now the 5th most expensive place in the U.S. UU. Get hyperlocal forecasts, radar and weather alerts. AUSTIN (KXAN) — A new report revealed that the city of Austin stands out among other major metropolitan areas in Texas and not in a good way.
The Austin Board of Realtors (ABoR) and the Greater Austin Home Builders Association (HBAGA) requested the report from the Texas Real Estate Research Center at Texas A&M University. The report indicates that while there are several areas to target to address housing affordability, legislators can make a quick and direct impact through development fees. During the last census period, Central Texas became much more expensive with one of the highest increases in the cost of living in the country. As more people continue to move to both the Austin area and Texas in general, many have raised the question of buying an affordable home in recent years.