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Listen "Everything you need to know about the Fall/Winter 2022 housing market in Texas (solo-show with Aaron talking Fall/Winter 2022 Texas housing market) - Real Estate Real Fast EP4 "
Episode Synopsis
Episode overview
The Texas real estate market has come crashing down. Or has it?
Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? Or are some doing better than others?
What should buyers and sellers be doing right now? What should they expect in this housing market?
We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel.
Episode highlights
Peaking into the Fall 2022 Austin housing market
What can we expect to see in the Austin housing market in the next five years
Overview of other major Texas housing markets in Fall 2022—DFW, Houston, San Antonio
What new listings can teach us about the state of the housing market
How mortgage rates impact the housing market and buyer preferences
What to expect if you're a buyer looking for a lower mortgage rate
Why the current housing market is different than what happened in 2008
Here's how you should approach buying a home in 2022
How the stock market affects real estate
Are homes still receiving multiple offers?
How the housing market affects the rest of the economy
How to approach the current housing market as a seller
Final advice for buyers in the current housing market
Are buyers pulling out of contracts at the last minute?
How to vet real estate agents as a seller
Episode links:
Follow ListingSpark on LinkedIn, Twitter, Instagram, Facebook, and YouTube
Connect with Aaron Jistel on LinkedIn
Key takeaways
[00:02:50] Peaking into the Fall 2022 Austin housing market
The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. Even though the market has adjusted it’s still a high demand market with 2.9 months of inventory, well below a balanced market of 6 months of inventory. And housing prices are still up!
“In August, the median home value in the greater Austin metropolitan area was $496,000 and that's up 5%. New listings are down 6%, so there are less homes coming onto the market than there were this time last year.
And for a lot of reasons, that's actually a good thing.”
[00:07:11] What can we expect to see in the Austin housing market in the next five years
If you’re an Austin home buyer, there is a lot of good news. Even though there is a market correction going on, the current rate of new homes does not match the growth in Austin. Combine that with the fact that the cost to build homes in Austin is still high and you get a market that’s still worth investing in.
“From simple economic terms, our demand is still. Higher than what our supply is going to be able to accommodate. That's a good thing if you're going into a recession to know that you are going to have this surge of demand that's gonna continue, that is gonna help our housing market. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”
💬🖼[00:08:58] Overview of other major Texas housing markets in Fall 2022—DFW, Houston, San Antonio
Austin is not the only market that’s behaving relatively well compared to how the housing market is trending. Dallas-Fort Worth, Houston,
The Texas real estate market has come crashing down. Or has it?
Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? Or are some doing better than others?
What should buyers and sellers be doing right now? What should they expect in this housing market?
We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel.
Episode highlights
Peaking into the Fall 2022 Austin housing market
What can we expect to see in the Austin housing market in the next five years
Overview of other major Texas housing markets in Fall 2022—DFW, Houston, San Antonio
What new listings can teach us about the state of the housing market
How mortgage rates impact the housing market and buyer preferences
What to expect if you're a buyer looking for a lower mortgage rate
Why the current housing market is different than what happened in 2008
Here's how you should approach buying a home in 2022
How the stock market affects real estate
Are homes still receiving multiple offers?
How the housing market affects the rest of the economy
How to approach the current housing market as a seller
Final advice for buyers in the current housing market
Are buyers pulling out of contracts at the last minute?
How to vet real estate agents as a seller
Episode links:
Follow ListingSpark on LinkedIn, Twitter, Instagram, Facebook, and YouTube
Connect with Aaron Jistel on LinkedIn
Key takeaways
[00:02:50] Peaking into the Fall 2022 Austin housing market
The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. Even though the market has adjusted it’s still a high demand market with 2.9 months of inventory, well below a balanced market of 6 months of inventory. And housing prices are still up!
“In August, the median home value in the greater Austin metropolitan area was $496,000 and that's up 5%. New listings are down 6%, so there are less homes coming onto the market than there were this time last year.
And for a lot of reasons, that's actually a good thing.”
[00:07:11] What can we expect to see in the Austin housing market in the next five years
If you’re an Austin home buyer, there is a lot of good news. Even though there is a market correction going on, the current rate of new homes does not match the growth in Austin. Combine that with the fact that the cost to build homes in Austin is still high and you get a market that’s still worth investing in.
“From simple economic terms, our demand is still. Higher than what our supply is going to be able to accommodate. That's a good thing if you're going into a recession to know that you are going to have this surge of demand that's gonna continue, that is gonna help our housing market. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”
💬🖼[00:08:58] Overview of other major Texas housing markets in Fall 2022—DFW, Houston, San Antonio
Austin is not the only market that’s behaving relatively well compared to how the housing market is trending. Dallas-Fort Worth, Houston,
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