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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (60451)8/22/2006 10:31:02 PM
From: Wyätt GwyönRead Replies (1) of 306849
 
CR, i read your article on the Dallas housing bust. i am curious what you make of the Austin market. it seems the housing market in Austin is very strong. much stronger than several years ago when the coasts were doing so well. inventories down, sales up, prices up, time on market low.

i must say i think houses are too expensive here now--not that expensive compared to the coast, but expensive relative to incomes (by this ratio, probably less than half as bad as the coasts, but still bad compared to Austin's own history).

i don't know how people afford it. i guess nobody wants to retire anymore.
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