Among the nation's 400 largest housing markets, 226 just hit (or re hit) their all-time high for home price in April 2023.
Among the other 174 markets, 38% are down by 5.00% or more.
Austin (-10.02%) is down the most. t.co/Idv6ltSIvk
— Lance Lambert (@NewsLambert) June 3, 2023
While zealous lenders across the nation were allowing borrowers to take on mortgages without putting much down, Texas stuck with conservative lending practices during the '00s.
According to the Texas A&M Real Estate Center, that helped markets like Austin avoid the worst of the…
— Lance Lambert (@NewsLambert) June 3, 2023
And while markets like Las Vegas and Phoenix boomed during the '00s, markets like Austin stayed fairly tame.
To some degree, that helped to insulate Austin from the '00s housing crash. pic.twitter.com/UfSxvKEq0Y
— Lance Lambert (@NewsLambert) June 3, 2023