Austin real estate prices

[Olga Daisel]

Where are we heading with Austin pricing?

Assuming Trump wins the elections wouldn't it unwind the prices that are already high and not much affordable?

[Bill B.]

It looks like the median price was $667k in May of 2022. They dropped to $600k in June of 2023. And they’re currently $585k. So prices have already dropped 15% in the last 2 years. Are you saying you think they will continue to drop under Trump like they have under Biden, or drop even faster?

I doubt the winner of the election will have 1/10th the effect of lower interest rates and whether supply continues to increase or demand decreases. I could see an argument for Austin booming if Biden wins as people continue to flee Democrat controlled cities. But I doubt it will be the deciding factor. Are you buying or selling?

I’ve considered Texas but I’m not a fan of the property taxes. You could look at Tennessee, Washington, NV, or even Florida. (Florida’s insurance scares me.) if your intent is to avoid state income taxes.  Good luck.