Posted 12/15/2023, 10:56:35 PM
Austin Housing Market Stabilizing But Affordability and Inventory Hurdles Remain
- Zillow economist predicts 2024 will be a good year for housing, says "sitting on the sidelines" isn't wise
- Austin Board of Realtors economist says home prices have begun to stabilize but affordability is still a distant goal
- Income of $90k-$100k needed to enter Austin home buying market, yet affordable inventory is scarce
- Urban Land Institute report calls for new thinking in real estate industry, including in Austin
- Austin has seen opposite of "if we don't build it, they won't come" play out with rapid growth