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Austin leads country in Zillow Home Value Index decline at -19.3% since 2022.

Posted on 12/18/23 at 2:15 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25981 posts
Posted on 12/18/23 at 2:15 pm


Lance Lambert on X

Austin is one of the few major housing markets passing through what I call a "material" home price correction

Local house prices, as measured by the Zillow Home Value Index, in the Austin metro area, have declined by -19.3% from the 2022 peak.
This post was edited on 12/18/23 at 2:16 pm
Posted by TigerMan327
Elsewhere
Member since Feb 2011
5155 posts
Posted on 12/18/23 at 2:16 pm to
Shocked this thread isnt about New Orleans
Posted by bad93ex
Member since Sep 2018
27170 posts
Posted on 12/18/23 at 2:18 pm to
quote:

Shocked this thread isnt about New Orleans



Check out #2
Posted by msutiger
Shreveport
Member since Jul 2008
69615 posts
Posted on 12/18/23 at 2:19 pm to
Glad Fort Bend County locked in my tax rate at the peak of home prices in Houston

Scumbags
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75189 posts
Posted on 12/18/23 at 2:20 pm to
Not to mention the property taxes in Travis, Hays and Williamson are well over $1,000 a month for homes that aren’t even over 750k.
This post was edited on 12/18/23 at 2:23 pm
Posted by Eighteen
Member since Dec 2006
33878 posts
Posted on 12/18/23 at 2:21 pm to
Data and storytelling is fun

The “shift since March 2020” column still looks pretty strong for Austin. The decrease happened because of such a high rise in general.

That New Orleans trend at #2 tells a lot worse of a general trend

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 post was edited on 12/18/23 at 2:31 pm
Posted by PrecedentedTimes
Member since Dec 2020
3128 posts
Posted on 12/18/23 at 2:22 pm to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 12/18/23 at 2:22 pm to
I'm surprised Boise isn't high on the list
Posted by usc6158
Member since Feb 2008
35348 posts
Posted on 12/18/23 at 2:25 pm to
What's with the sudden demand in Hartford? One of the worst cities in the country.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 12/18/23 at 2:25 pm to
..
This post was edited on 12/31/23 at 11:18 pm
Posted by geauxjuice
t(-.-t)
Member since Jan 2007
4118 posts
Posted on 12/18/23 at 2:26 pm to
hope all those airbnb dorks lose their arse
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30571 posts
Posted on 12/18/23 at 2:32 pm to
Austin and SF are overpriced

NOLA is just a shithole run by the most corrupt politician of the 21st century
Posted by Teddy Ruxpin
Member since Oct 2006
39578 posts
Posted on 12/18/23 at 2:34 pm to
shite, I wish my value was down. The perfect scenario for me would be no value growth until right before I sell to avoid years of property taxes.

April 1, 2020 close here. One of the more stressful experiences. Financing fell through due to COVID two weeks before close. Many options were quoting over 6% (crazy at time obviously). Had the new bank with good rate accept the old appraisal since no one was doing them. Had to pony up more for close due to lending limits of said bank.

My working theory to go through with it? If we're screwed the whole country is screwed so let's roll those dice.
This post was edited on 12/18/23 at 2:35 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75189 posts
Posted on 12/18/23 at 2:35 pm to
It’s more than likely down. Like I stated, the property taxes are downright ridiculous and getting even more expensive.
Posted by Teddy Ruxpin
Member since Oct 2006
39578 posts
Posted on 12/18/23 at 2:40 pm to
quote:

Like I stated, the property taxes are downright ridiculous and getting even more expensive.



The new amount owed is down due to 2023 legislative session. They included a handy calculation on the notice.

My values are so far up (even with the drop from 2022), I max the amount they can add every year. If my house didn't change value at all it would take years for the county to catch up.
This post was edited on 12/18/23 at 2:41 pm
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51272 posts
Posted on 12/18/23 at 2:42 pm to
Miami is crazy
Posted by East Coast Band
Member since Nov 2010
62766 posts
Posted on 12/18/23 at 2:45 pm to
Why are the only ones increasing are rust belt cities?
Posted by Volvagia
Fort Worth
Member since Mar 2006
51904 posts
Posted on 12/18/23 at 2:50 pm to
stout is gonna issue a cease and desist on this thread.
Posted by Pax Regis
Alabama
Member since Sep 2007
12934 posts
Posted on 12/18/23 at 2:52 pm to
Look at Hartford, CT going up, up, up. Wonder what it is about that area that is so desirable. I’m just at a loss. Can’t put my finger on it.
Posted by Lou Pai
Member since Dec 2014
28117 posts
Posted on 12/18/23 at 2:54 pm to
Lmao New Orleans
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