According to the National Association of Realtors, the typical age of first-time home buyers has reached an all-time high of 40-years-old. This makes many people losing out on building equity in their homes. The median home price in Austin is about $550,000, a decrease from nearly $600,000 the previous year. Austin realtor George Vance McGee has also noticed this trend, suggesting looking in areas where you can afford to build equity outside Austin. Buying with a spouse or partner can also help your chances of owning a home.