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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 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 on 12/18/23 at 2:16 pm to MrLSU
Shocked this thread isnt about New Orleans
Posted on 12/18/23 at 2:18 pm to TigerMan327
quote:
Shocked this thread isnt about New Orleans
Check out #2
Posted on 12/18/23 at 2:19 pm to MrLSU
Glad Fort Bend County locked in my tax rate at the peak of home prices in Houston
Scumbags
Scumbags
Posted on 12/18/23 at 2:20 pm to MrLSU
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 on 12/18/23 at 2:21 pm to MrLSU
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
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 on 12/18/23 at 2:22 pm to MrLSU
I'm surprised Boise isn't high on the list
Posted on 12/18/23 at 2:25 pm to wutangfinancial
What's with the sudden demand in Hartford? One of the worst cities in the country.
Posted on 12/18/23 at 2:25 pm to MrLSU
..
This post was edited on 12/31/23 at 11:18 pm
Posted on 12/18/23 at 2:26 pm to MrLSU
hope all those airbnb dorks lose their arse
Posted on 12/18/23 at 2:32 pm to MrLSU
Austin and SF are overpriced
NOLA is just a shithole run by the most corrupt politician of the 21st century
NOLA is just a shithole run by the most corrupt politician of the 21st century
Posted on 12/18/23 at 2:34 pm to Eighteen
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.
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 on 12/18/23 at 2:35 pm to Teddy Ruxpin
It’s more than likely down. Like I stated, the property taxes are downright ridiculous and getting even more expensive.
Posted on 12/18/23 at 2:40 pm to Paul Allen
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 on 12/18/23 at 2:45 pm to MrLSU
Why are the only ones increasing are rust belt cities?
Posted on 12/18/23 at 2:50 pm to MrLSU
stout is gonna issue a cease and desist on this thread.
Posted on 12/18/23 at 2:52 pm to MrLSU
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.
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