Congrat Austin, you are almost San Fran now

[Why_Yes_I_Do]

But I am now keeping an eye on where it is as I had something just occur that has not happened in 3+ years. A contractor reached out to me the other day looking for work and said they could offer a "nice" price. I'm still reeling from the shock. Like I said: Not hitting panic button just yet. But uhhmm...

[Why_Yes_I_Do]

Originally Posted by Why_Yes_I_Do

But I am now keeping an eye on where it is as I had something just occur that has not happened in 3+ years. A contractor reached out to me the other day looking for work and said they could offer a "nice" price. I'm still reeling from the shock. Like I said: Not hitting panic button just yet. But uhhmm...

I get weekly updates on housing inventory and sales in my market area. Inventory (listed) has been increasing, while solds have been holding steady but down a little.

Also, had another contractor (painter) reach out, out of the blue, looking for work. Mind you, previously, they were all booked out for several weeks. Painter still is booked for a few weeks, but is not seeing booking beyond their current backlog either

No conclusions, just data points.

[SpeedRacerXXX]

Originally Posted by Why_Yes_I_Do

I get weekly updates on housing inventory and sales in my market area. Inventory (listed) has been increasing, while solds have been holding steady but down a little.

Also, had another contractor (painter) reach out, out of the blue, looking for work. Mind you, previously, they were all booked out for several weeks. Painter still is booked for a few weeks, but is not seeing booking beyond their current backlog either

No conclusions, just data points.

Yes, houses in prime Cedar Park locations are taking a little bit longer to sell but they are still selling. Have no idea whether or not asking prices have cme down. It is still a hot market bukt not as hot. I am having a house built in Sun City and it will take at least 14 months or so before completion. Sales have slowed there but their backlog of purchased but unbuilt homes is huge.

[Why_Yes_I_Do]

I'm seeing some smaller houses, i.e. lower end 1,300 sq ft, in Round Rock staying on market for a few weeks and cutting prices. A couple have gone below $400K even, which I mentioned before was about the bottom end up there.

Originally Posted by SpeedRacerXXX

Yes, houses in prime Cedar Park locations are taking a little bit longer to sell but they are still selling. Have no idea whether or not asking prices have cme down. It is still a hot market bukt not as hot. I am having a house built in Sun City and it will take at least 14 months or so before completion. Sales have slowed there but their backlog of purchased but unbuilt homes is huge.

[Why_Yes_I_Do]

The dynamic at play right now is challenging. On the one hand, lower end buyers are in fact, getting squeezed out by rising interest rates - which tends to chill prices a bit. They have increased a fair bit this past week or so. On the other hand, the small investors, all-cash buyers, tend to convert moneies invested elsewhere in to real estate. If you've been watching the markets lately, well... nevermind - it's probably not a good idea to these days



In summary:

[Precious_b]

Originally Posted by Why_Yes_I_Do

I'm seeing some smaller houses, i.e. lower end 1,300 sq ft, in Round Rock staying on market for a few weeks and cutting prices. A couple have gone below $400K even, which I mentioned before was about the bottom end up there.

I really regret not developing an idea I had years ago about utilizing the plethora of cargo containers to be living spaces. Have to admit I didn't see the idea of making a community of them.

[Precious_b]

Originally Posted by Why_Yes_I_Do

LOL!

[Why_Yes_I_Do]

Seems there are many cities in Texas and elsewhere that appreciate the City of Austin freeing up qualified officers to help fill vacancies in their towns.

Cops quit woke Austin, TX, in droves, plunging city in crisis: ‘If you’re conservative it’s a hostile place’

Texas’ woke capital, Austin, is in the midst of a policing crisis with over 300 vacancies and cops quitting because they feel disrespected, multiple sources tell The Post.

“We’re right there with Portland and Seattle and San Francisco as being one of those places where if you’re at all conservative or in law enforcement, it’s become a hostile place,” Lt. Brian Moon, who retired last month, told The Post of the city he protected for 23 years.

Another 77 officers are expected to retire before the end of March — on top of 264 existing vacancies, according to the Austin Police Association...

Thanks Austin, you really are becoming more like San Fran Nana's stink-hole city.

[winn dixie]

On top of the shortage. austin wont approve the 4 year contract with APD.

austin treats the homeless like gods and shits on our officers

[oldphone14]

Well, from the hobby perspective they arent going after it...

[Why_Yes_I_Do]

Originally Posted by oldphone14

Well, from the hobby perspective they arent going after it...

Good point. Let the good times roll....

[the mountain man]

Precious, so you think cutting police budget, police force, supporting criminals, shortening jail time and lowering bonds... reduces crime? really? Another lost liberal folks...

[Precious_b]

Originally Posted by the mountain man

Precious, so you think cutting police budget, police force, supporting criminals, shortening jail time and lowering bonds... reduces crime? really? Another lost liberal folks...

Can you quote/link my post, please.