Could Austin's housing market be cooling off?

A new report from the Austin Board of Realtors reveals that home prices here inKent Redding, the 2023 president-elect for the Austin Board of Realtors, joins FOX 7 Austin'sSo talk to us about this report. What did it find when it comes to median home prices compared to previous years?Sure our median home price in January adjusted to 450,000 approximately. And that's a 6% adjustment since December.

You know, anecdotally, I don't think the prices are going to fall dramatically. I think they're going to level off at about this pace that we're having in February and March, possibly for the next 4 to 5 months. It'll just be more of a normal market. And then I believe probably the fall this is again, just me speaking here. We'll get back to some normal Austin appreciation, which can be, you know, 3 to 4% annually. I expect that to happen in the fall.

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PACS representing charters, realtors and business spend more than $1 million on aldermanic racesSuper PACs representing charter schools, realtors and business interests have spent more than more than $1 million in aldermanic races. Realtors: and there is the cornerstone of the housing inequality crises... unfettered , free range real estate prices. There's no *incentive* to stop the escalation. 'Bubbles-r- us', until 70% of US citizens are housing impoverished.
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