In this FOX 7 Focus, Ashley Jackson, president of the Austin Board of Realtors, joins FOX 7 Austin's John Krinjak to discuss the current state of the Austin housing market and what's next.
that said Austin was one of seven cities across the country where the housing market is, quote, crashing. Do you feel like that's accurate or is that being a little overdramatic?I think that's a little overdramatic, and it's certainly an eye-catching headline. And lots of people will click on it to read it. But the Austin market is not crashing. The Austin market is stabilizing. We've had a price correction, but we remain steady and strong.
Conversely, last fall, when we saw rates hovering around seven or higher, buyers pulled out of the marketplace a little bit to wait. But I'd like to caution buyers that that's really kind of a mistake at this point. You are hard pressed to find the market is stable and is friendly to buyers in Austin as we're seeing it right now. You know, I've lived here about 40 years and I can count on one hand the times that I've seen such a friendly marketplace for a buyer.
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