Austin Housing Market Doomed in 2024. 

Those pay increases will not be enough for people to afford homes. Two dollars more per hour will not result in homes being more affordable.

Jeremy is one of the few Austin RE folks I am willing to watch. The biggest problem is still the over-capacity and the much cheaper rental relative to buy. Despite some agents touting mortgage will go back to sub 5%, I am not seeing it happening anytime soon due to the massive national debt.

I live in Cedar Park and I check the renting and buy-sell data around North West Austin very often. I can only see the down trend of this housing market. It's simple. Landlords are keeping cutting the renting prices. A apartment building I used to live in, couple of months ago they lowered the application fee, and offers 500$ off for the first month, now they charges no application fee and 1000$ off for the first month. None of these ever happened when I lived there there before pandemic. And if you go to Zillow or Redfin or any website, just apply some data filters to search the recent sold houses, I honestly cannot find a single house that had NOT cut the asking price. A flat market in 2024? 😂 Good luck with that! Don't blindly believe in the stats, The renting is coming down dramatically anyway. Wait and see the coming panic sells.

My property tax went down by approximately $600 per year, but I just got a massive increase in my home owners insurance. The increase in insurance more than erased the reduction in property tax.

20 percent if not more. Austin will be the epicenter. all the investors are going to be putting a ton of inventory on market because they are going to lose there ...

We need more property tax relief. Austin & surrounding area taxes are absolutely ridiculous! With these rates, the roads should be perfect & schools superior... I suspect wasteful spending as with most governments spending other people's money.

Was it Mueller or Cedar Park?

My wife and I bought a house in South Austin at the peak of the market for $500,000. Now Redfin says it’s worth $400,000 😢 We are getting divorced and need to sell unfortunately. Can you recommend a real estate agent who can help us price it right?

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Bring Nick on! 😂

Bring Nick Gurley!

hopium

I want him to come on to Real Migos.

crash incoming