Austin Housing Market Getting Better? Real time 2022 Update!
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- Опубликовано: 10 фев 2025
- Today I'm covering what is happening real-time in the Austin housing market as of June 2nd, 2022, and answering frequently asked questions.
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Thanks so much for the useful updates!
You’re so welcome! Thanks for watching and sharing 😀
Last month there were 13 houses on the market in my zip code (46). Now there are 63, lol. People got greedy.
Yep! You said it 🎯
Of Course people are stupid and arrogant becuase they are rich and wealthy thats why i hope bad things happened to Greedy , Wealthy , Rich People
@@AieMem67 to be fair, some are older people that bought decades ago and are cashing out. But yes, there are lots of builders, house-flippers and investors that gif very very greedy.
What happened to the housing shortage? I'm beginning to think there never was one and it is all about trends that get developed such as a bidding war
There was an absolute inventory shortage. Earlier this year, there was a point where we had less than two thousand homes on the market. We were seeing multiple offers and homes selling so much over asking because demand was so high.
There was a small lul in the market a few weeks ago after the feds raise interest rates. I think a lot of home buyers held off to see what else would happen.
Today, we have almost twice as much inventory as we did six weeks ago, but it is still considered low and most homes are still selling in multiple offers.
I wish the housing shortage was fake, but it’s a very real issue that we’re facing across the country.
Austin Tx is Expensive at least for the Rich , Corrupted , Wealthy , Greedy People
Austin is expensive for the rich ?
@@AustinTX thats not true I have seen People living homeless if your worth more than $20 Million it wont be that expensive
I live in an area where you could buy a house 5 years ago and pay a few hundred less a month than rent. THAT HAS CHANGED..... people slept on deals and it is now too late. We made about 70,000 in that time. 2 or 3 houses will pop up in my City every month and they are gone. Texas ? Too hot..... 🔥 just my take up north.....
Peak of the Austin bubble was in April. It's been downhill since.
housing supply has doubled based on your input, mortgage rates have doubled reducing buying power by at least 20-30 percent. Increase in supply and drop in demand/buying power, basic economics prices going down. It isn't a "quirky market" lol. It is going down hard if this trend continues due to supply and demand. Tough time to be an agent or someone who profits on housing sells. Lenders are having massive layoffs. Good luck
Hey there,
Yep, inventory has doubled, buying power has gone down significantly and demand is still high.
You’re right, this is probably a tough market for new agents especially.
Thanks for watching