As more and moreore and more people move to Texas and Austin home values continue to soar, buyers are having a tough time playing the real estate game. The main impediment is having enough cash for a down payment, which nowadays can deplete even the most well-intentioned savings account.
Why? Because Austin residents looking to buy a home must save more than three-quarters (or 82 percent) of their annual salary just for the down payment. That number comes from a new Zillow report, and it puts Austin above the national average.
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