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Originally Posted by Green Country
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Austin is an easy target. Great for click-bait articles.
The market is correcting itself. We all know that.
People from California, New York, Michigan, Illinois, etc. were coming to Austin - paying more than asking price for homes - which caused an unsustainable, overvaluation of homes - and now that the influx of people leaving lock-down states has subsided (for the most part), the market is correcting itself to more accurate, sustainable pricing. There still a ways to go.
It also does not help that interest rates and the overall cost of living are much higher - not just in Austin.