Not only has housing not crashed, but it has hardly even budged lower. The median sales price of new homes is up over the past year. And for existing homes, the median sales price only declined by about 1%. That comes as a shock to most folks. They think prices should have plummeted due to soaring mortgage rates and crashing affordability. But that idea misses a fundamental problem in the housing market…
Full article here: This 'First' in Housing Means a Crash Isn't Coming
(512) 853-0110 or robert@AustinTxHomeSales.com
If you are unable to open the link/article above, please let me know so I can get it to you another way.
#RealEstate #AustinHomes #MoveToAustin #Relocate #RelocateToAustin #AustinHomeBuyers #AustinJobs #AustinRealEstate #HomeForSaleAustin #NewHomes #RealEstateMarket #AustinHomeSellers #AustinHomeSales