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Wisdom of the Crowd, Q1 2023

1,286 Views | 9 Replies | Last: 3 yr ago by AggieCVQ
Red Pear Realty
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Howdy Ags!

I'm doing a periodic survey to see where TexAgs thinks the housing market in Texas is headed over the next year. Please star the post below that shows the rate of pricing increases or decreases that you expect to see in your local Texas market from Q1 2023 through Q1 2024. The more responses we get, the better. And feel free to comment why you picked what you did as well.

Cheers,

Jamie

(below is the link to results from Q3 2022)

https://texags.com/forums/59/topics/3296069
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Red Pear Realty
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DOWN MORE than 4.99%
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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DOWN 0.01% to 4.99%
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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UP 0.00% to 2.99%
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Red Pear Realty
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UP 3.00% to 5.99%
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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UP 6.00% to 9.99%
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Red Pear Realty
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UP 10.00% to 14.99%
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Red Pear Realty
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UP 15.00% to 19.99%
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Red Pear Realty
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UP 20.00% or MORE
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
AggieCVQ
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Inflation isn't going away with the rate hikes and while layoffs have occurred they haven't been insane.

So property values with drop not because of demand but because of unaffordability. Probably close to 3%, but they will boomerang when rates normalize.
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