In case you haven’t heard, Open Listings is now live in Austin, TX -- and, we’re not alone. According to the 2018 Emerging Trends in Real Estate Report, Austin is the second-fastest growing city in the nation, just behind Seattle (which we're also in). The city's rise in popularity is anything but surprising. In a place known for everything from a vibrant music scene to unforgettable barbecue and affordable housing rates, everyone wants a piece of the action.
In February, the Open Listings team did some research into how home affordability was even becoming a problem for six-figure salaried tech workers across Silicon Valley. We used the lending industry's standard "28% rule" as a barometer for evaluating if tech workers in Silicon Valley and Los Angeles would be approved for a mortgage -- let alone really be able to afford home ownership within a 20 minute commute from their offices on their salaries only. Our findings