U.S. News & World Report: Austin best place to liveU.S. News & World Report: Austin best place to livehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=157532017-02-07T06:00:00Z2017-02-07T17:00:00Z

​​​​WASHINGTON, D.C. – Austin claimed​ the top spot on U.S. News & World Report's Best Places to Live ranking for ​​2017.​​

The Capital City takes the top spot after being No. 2 on the list last year.

The Austin Board of Realtors (ABOR) reports housing inventory was at two months, well below the balanced level of 6.5 for the area, as determined by the Real Estate Center at Texas A&M University. The current median home price is $262,182.

The area is expected to double in population over the next ten years after growing more than 10 percent between 2011 and 2015, according to the U.S. Census Bureau. However, this growth may not be enough to help with home affordability.

"The local household incomes are not rising fast enough to match the rising home prices right now," says Brandy Guthrie, ABOR president. Guthrie said, for now, the suburbs are the best affordable option for people hoping to buy in the area.

Other Texas markets making the top 100 were Dallas-Fort Worth (No. 15), Houston (No. 20) , San Antonio (No. 23) , El Paso (No. 76), and McAllen (No. 94).​

Yahoo! News
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