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The brief: Tuesday, May 12

  • The governor ordered three state agencies to come up with a plan to test all nursing home residents and staff in Texas for COVID-19—no timeline was included, KXAN notes.
  • APD Chief Brian Manley spent 40 minutes yesterday answering questions about an earlier report on racial profiling, CBS Austin reports, just before announcing that the man killed by police last month was unarmed.
  • The early voting period for the runoff elections postponed until July 14 has been doubled, KUT says, though runoff elections usually only have a week anyway.
  • The person hit by a plane and killed at ABIA has been identified as a 22-year-old named Junin Ko, according to KXAN.
  • Clothing line Supreme announced a product line featuring the work of Daniel Johnston, the Texas artist who created the "Hi, How Are You" frog mural, among other works, writes Texas Monthly—Johnston died last year.

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real estate

A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home

A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home
Shutterstock

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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a message from camp fimfo waco

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

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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