Report shows Austin’s average home price hits record $400K

AUSTIN (KXAN) — The news keeps getting worse for Austin home buyers.
A new report from RealtyAustin shows for the first time ever, the average price for single family homes in the Austin area is nearly $400,000, up 9.6 percent from May 2016.
For first time home buyers like Caitlin Intrator, the number seems a bit daunting.
“I’ve lived in Austin for about three years now, looking back on when I first moved here I thought, ‘Why didn’t I invest then? Why didn&rsqu