Homeownership well within reach in Texas, according to national brokerage firm

Austin, Texas is one of three metropolitan areas in the Lone Star State that made the cut for the most affordable U.S. housing markets.Of the 10 most affordable housing markets in the country, three are in the Lone Star State of Texas – including the Houston real estate market – a new report shows.According to housing brokerage firm ZipRealty, some of the best bargains to be found in the country's largest Metropolitan Statistical Areas are in Texas, according to a two-year analysis from the U.S. Census Bureau. The most?affordable?in the country is in Dallas-Ft. Worth, followed by Houston and Minneapolis. Meanwhile, Orlando and Las Vegas round out the top five.Lanny Baker, president and CEO of ZipRealty, pointed out that location is everything when it comes to home prices.”Purchasing a home is a major ticket item for people in any city, and yet our research clearly shows that housing affordability can differ vastly from one city to the next,” said Baker. “It is important for consumers to understand how housing in their local market tends to be priced relative not only to local income levels, but in comparison to other areas of the nation.”There's something about the Lone Star State that makes listing prices eminently affordable. Last year, Texas A&M University released a report, saying that Texas homes were as inexpensive, if not more, “by almost any measure” when comparing it to other parts of the country.
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