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Austin housing prices continue to climb

Monday, June 10, 2019 by Chad Swiatecki

Austin is no stranger to the top spots of national lists of major cities in recent years, but a new analysis of overheated housing markets across the country puts the Austin/Round Rock area as fourth most likely to experience a housing crisis. The report from 24/7 Wall St. found that local home prices are 62 percent higher now compared to pre-recession peaks nearly 12 years ago. In raw numbers, the report found the current median home price is $302,000, compared to $186,250 in the third quarter of 2007. Those price increases are fueled in no small part by a 32.8 percent population growth, with concerns that the local median household income of $73,800 isn’t keeping pace with housing costs. As a state, Colorado looks most prone for a crisis. Greeley, Colorado, took the survey’s top spot, followed by the Denver/Aurora/Lakewood area in second place and Fort Collins coming in third.

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