To draw the picture of Austin rent prices over the past several years is to trace a dizzying mountain — up, up, up. And then a slope. A small slope, but a slope. Down. Not up.
We are now in the longest sustained drop in rent prices in the past decade.
https://t.co/TJKHAF1IlB
BOOMTOWN: The average value of a home for sale in Austin has dropped the most of any major American city between July 2022 and July 2023. https://t.co/hQDzDTpetx
People used to ask me about selling their homes through companies like Opendoor for a "hassle free" experience. I would tell them I didn't think it was in their best interest.
Here's why 👇
https://t.co/yUdileeAjK
“Today’s mortgage rates are knocking on the door of 6%,” said Lawrence Yun, NAR’s chief economist. “Given those conditions, I do anticipate further declines in home sales.” via @AP https://t.co/85uUvPr29u
The Fed's move to increase interest rates by 75 bps will cool down a housing market that was already losing steam. Here's what LOs and economists expect to happen.
https://t.co/NqOsvko4Nw
Low mortgage rates may fuel a rapid rise in home prices, forecast warns. The lowest midwinter mortgage rates in history have contributed to an unusual early-year surge in homebuying that's likely to lead to spiking home prices later in 2020 https://t.co/XsuVU7Btm7 #realesate