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Posted on 12/18/23 at 2:55 pm to Eighteen
quote:
In middle you can see US housing market overall us up 40.7% since March 2020, but NOLA is at 5%? That’s the biggest outlier in the whole chart and almost seems like a data error
This. It's a crazy number and paints a grim picture for NOLA.
The closest to the 5% is San Francisco at 17% but almost every other city is in the 30% to 50% range.
This post was edited on 12/18/23 at 2:56 pm
Posted on 12/18/23 at 2:58 pm to MrLSU
I suspect what’s underlying the Austin decline are investors (big and small) who ran the prices up expecting a bigger demand than materialized.
Seeing more and more stories about Austin cooling off and tech bros moving back to Cali.
Seeing more and more stories about Austin cooling off and tech bros moving back to Cali.
Posted on 12/18/23 at 3:02 pm to MrLSU
***you forgot to add "and still it's also up 39% since 2020"
Posted on 12/18/23 at 3:08 pm to East Coast Band
quote:
Why are the only ones increasing are rust belt cities?
People go where they can afford houses
Posted on 12/19/23 at 6:22 am to MrLSU
There are so many large cities and these numbers aren’t sustainable for a middle class in America.
Posted on 12/19/23 at 6:44 am to MrLSU
New Orleans big reason for decline is cost of insurance
Posted on 12/19/23 at 6:51 am to MrLSU
A necessary adjustment.
People that got HELOCs on their imaginary equity are in for a surprise.
People that got HELOCs on their imaginary equity are in for a surprise.
Posted on 12/19/23 at 6:55 am to wutangfinancial
quote:
I'm surprised Boise isn't high on the list
The market here hasn’t corrected that much. Still a huge demand here.
Posted on 12/19/23 at 6:56 am to MrLSU
Housing prices going up anywhere is suspect if you ask me. The ‘country’ is economically depressed. We are just an economic zone (whatever that means) built upon endless financing and consumption.
Posted on 12/19/23 at 7:03 am to MrLSU
If NOLA is up 5% since COVID, why are my property taxes up 50%? I ain’t Ghana lie, it’s a fricking shite hole.
Posted on 12/19/23 at 7:08 am to MrLSU
Austin is getting beat down because there were like 200k tech layoffs in the last 2 years.
Posted on 12/19/23 at 7:11 am to MrLSU
It would be nice if I could see a correction in NYC. I need to buy around May.
Posted on 12/19/23 at 7:22 am to MrLSU
I can’t believe people live in Cleveland on purpose
Posted on 12/19/23 at 7:47 am to Koach K
quote:
Housing prices going up anywhere is suspect if you ask me. The ‘country’ is economically depressed.
Money is still migrating to certain areas away from others due to taxes and politics, it’s just happening at a slower pace due to reductions in remote work and interest rates.
Posted on 12/19/23 at 8:04 am to GetCocky11
quote:
Miami is crazy
Yep, it is so over priced here that single family homes are not affordable anymore for the standard working family or recent graduates. The salaries are also not up to par with cost of housing.
You will not find a standard 4/3 home with 2,300 sq. ft. for less than $600K. Crazy indeed.
Posted on 12/19/23 at 9:20 am to MrLSU
Because Cali is moving to there and the realtors know they can gouge the shite out of them
Posted on 12/19/23 at 9:56 am to msutiger
quote:
Glad Fort Bend County locked in my tax rate at the peak of home prices in Houston Scumbags
Fort bend is the highest taxed county in the state. F that place!
Posted on 12/19/23 at 10:07 am to wutangfinancial
quote:
I'm surprised Boise isn't high on the list
The list is the 50 largest metro areas so Boise likely didn't qualify.
When interest rates shot up about a year ago, I recall reading that Boise was the fastest cooling real estate market in the country.
Posted on 12/19/23 at 10:21 am to Teddy Ruxpin
August 2023 did work on those hippies
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