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Austin named most popular city for newcomers in 2020
(Stuart SEeger/CC)
Austin is no stranger to growth, rapidly at that. According to a recent LinkedIn report, Austin's population is growing faster than you can say, "Howdy y'all," making it the city with the most newcomers in the U.S. this year.

The data compiled by LinkedIn was based on its 174 million U.S. users and showed that moves were most popular from April 2020 to October 2020.

Austin topped the list of 10 cities with the highest growth rates, charting that for every person to leave Austin, 1.53 people came in. Right behind Austin, Phoenix, Arizona, tracked 1.48 new residents for everyone that left.

Austin was also not the only Texas city on the list: Dallas ranked seventh, with 1.35 new residents for everyone that left.

Austin has received a number of accolades this year: The Wall Street Journal called Austin a "magnet" for jobs, it was named the second-highest college town in the U.S. and the number one tech town in the U.S.

Most residents are coming from big cities, looking for a break from the high costs of living and taxes that large metro areas are famous for.

Plus, everyone is doing it, with major celebrities, like Joe Rogan and James Van Der Beek, and major companies, like Tesla and Oracle, announcing moves to Austin.

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A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home
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So you want to buy a house?

To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.

Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.

Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.

So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.

Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.

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Fall camping: Camp Fimfo Waco offers one-of-a-kind experiences in the heart of Texas
Camp Fimfo Waco

Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!

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