What are you specifically waiting for? Primary? Investment?
@user-ri4qk1xy3c
Ай бұрын
I was looking to upgrade but I keep seeing more inventory at better prices. I’m waiting until next spring, I have a feeling prices are going to keep dropping.
@realestate_atx
9 күн бұрын
Ya, it's so hard to tell when the "bottom" will be. The only way to truly know is when prices start coming back up. I think we'll see a window of opportunity coming up as rates drop to make monthly payments easier to stomach for a lot of buyers, but demand may lag due to seasonality and you get can a great deal. We've heard A LOT of people saying they're "waiting until spring of 2025"
@SilverbugInc
2 ай бұрын
People are leaving ATX. I’ve lost count of how many people have sold or are selling. Having a low interest rate isn’t stopping families from packing their bags either
@realestate_atx
2 ай бұрын
The low interest rate keeping people here is more of an argument if they’re staying local. But if they can get way more house in another city/state, they may not be quite as interest rate sensitive.
@benzbro350
2 ай бұрын
No, the numbers DO NOT ADD UP. Prices still need to drop quite a bit. Sellers are still in denial. The time will come. Be patient. And no, I still would not buy right now. This is going to end badly for a bunch of uninformed people and people that were greedy etc. It's a sick situation. Another 40% down to go before a bottom. People are starting to understand, better sell now and rent for a few years and THEN we'll buy back in at a major discount. This market has a long way down to go. People's salaries did not stay even close to the increases in housing. It''s out of whack and extremely distorted. Don't be fooled.
@realestate_atx
9 күн бұрын
You truly believe home prices will drop another 40% in the Austin area? What could drive that? We're at at a near 15 year high in inventory with demand down, and the needle still hasn't moved that much in the last year. I think a wave of foreclosures or insane spike in unemployment would contribute to a bigger drop, but will either of those happen on a catastrophic level?
@jorgesmith2000
2 ай бұрын
Hell yeah I’d buy a home if I didn’t already close in 2023
@realestate_atx
2 ай бұрын
I speak to some people with that mentality and then some that are a hard no on buying right now.
@AustinShockSS
2 ай бұрын
Prices outside of Austin should be $100-125 sq ft. not $200+.
@realestate_atx
2 ай бұрын
Any area in particular?
@jorgesmith2000
2 ай бұрын
Try 300+ per sqft in drip 😂
@csnoremac1
2 ай бұрын
Houses stil expensive AF
@realestate_atx
2 ай бұрын
All relative I guess. Way more than pre-pandemic, but prices have softened since mid 2022. The game is figuring out when they'll start coming back up...
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