What does everyone think of the current Austin housing market? Looks like prices are finally starting to come down a good bit (not that that means much in terms of monthly payments bc of interest rates). Do we think we’ll see a steady decline going into 2023? Looking to buy sometime in the near future.

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I think it will go down a little bit - another 5-10% and then it will remain flat until they lower the interest rates, but then it will jump very fast 20-30% and will be as high or higher as it was in the beginning of the year.

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I think we won’t see major price reductions from here. People can’t afford to move with interest rates high, so available homes will remain low. Maybe you could get a better deal on a new-build already in progress with a buyer who dropped out because of interest rates, but even then, the inventory issue.

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Prices start to fall, and the first idea you have is to broadcast it to a nationally reaching app? Pipe down.

To answer your question, I think we are in for a larger correction.

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