Austin Home Prices Just Got Worse!

Austin's housing market just flipping. Home prices are now going back up! Yes, that is right. Most people are hoping the housing will decrease. In fact most housing experts said the Austin housing market would crash in 2024. Yet, the numbers are out and here is what they say.

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[Dee-wy]

Home values are declining throughout Austin.

[Dee-wy]

Home values are declining rapidly. Declines in home values will continue for over a decade.

[harveyjarvis]

It's an affordability problem. We are nowhere near a sustainable affordability markrt!!!

[jamiechoi]

Such a great video! Thanks for the great info Jeremy!

[centuryplantmusic]

The economy is tricky right now. I would not proclaim any trends until they are well established. There are a lot of people in houses that, are worth less than they paid for them, are seeing property taxes burgeon, are seeing HOI burgeon...and may wish that they had sat the market out when they bought. Your predictions may hold true, but they may not. I think that we will know by summer.

[rockingredpoppy]

Things have flattened at best in most of TX; Austin is its own bubble. 🤔🤔🤔 And builders are the competition and enemy of resale.

[jacobwells]

Just closed on a condo in off south Lamar 3 miles from down town.

Feel it’s still unaffordable due to interest rates, but purchased it at what it was valued at prior to 2019. We can afford the payments but we won’t be able to break even or cash flow until rates lower.

Our lender set us up with a free refinance Incentive.

Sitting at 7% right now

[ehren]

I wonder what the numbers look like if you take out new construction. My guess is that new construction is skewing the numbers.

Also merry Christmas

[Mauibuilt]

The people that locked in rates in late September and early October during the dip closed in November. I wonder if that has to do with this spike in year over year sales prices.

[imaadghouri]

Just closing an investment home in 2 days in Lockhart. Still confused if Lockhart is good for a rental property.

[elliot_waves]

What percent are full pay cash buyers?

[ralstonhaley]

Don’t celebrate so soon. Prices are down. My home is 5 years old. According to Zillow, my value is now 399, 000 from a peak of 599, 000 and I live close to Southpark Meadows.

[JoeHarnden]

lol in what area . North austin ain’t canceled .