KXAN, August 19, 2024, Almost Every Texan Considers Housing Affordability A Problem, New Survey Finds
“Houses are sitting longer on the market, it seems,” Carrell said. “The one I just looked at on Saturday, I think it was four months on market with three price decreases, and that third price decrease put it at the very top of my threshold of maybe I could afford it, so I went and took a look. But I feel like it’s a game — it’s like if I wait long enough, will the price get low enough but at some point the home will sell. Ideally, hopefully, interest rates drop as well, so that’ll probably make the prices go back up.”
Interestingly, a new report put out by the Austin Board of Realtors (ABOR) showed home sales increasing in the suburbs outside of Austin, as buyers seek out more affordable housing options where the median home price is less expensive. The July Central Texas Housing Report found sales rising in Williamson, Hays, Bastrop and Caldwell Counties.
