Sacramento vs Austin Housing Markets: BIG Differences

[@luisdavidllense2293]

I come here for the factual analysis. Thanks, Jason!

[@JasonWalter1]

Thank you for supporting my KZbin channel!

[@arindamsen8268]

Thanks Jason for this Austin video

[@JasonWalter1]

You bet.

[@maize1126]

I love these two city comparisons since my parents just bought a house in Austin in June, and I plan to buy a house in Sac at the end of 2025

[@vicwiseman6038]

Hi Jason. Thanks for the fantastic data driven analysis. I am a Sac resident. Curious on what your predictions are for home prices in the greater Sacramento area for 2025. With mortgage rates climbing again and all the new construction in the Folsom, Roseville, and North Natoma areas, do you believe this will drive supply up and demand down? Thank you.

[@JasonWalter1]

Thank you for watching my videos and for leaving a comment. The market here is still a seller's market but it's not nearly as competitive compared to 2021 through early-2022. It's anyone's guess what will happen in 2025 because any market is impacted by so many different factors beyond our control such as mortgage rates, how many people decide to buy/sell, migration, etc. My advice: buy when it's right for you rather than trying to time the market. I know people who have been waiting for prices to crash since 2015 only to see prices much higher today. I'm not saying everyone should buy though because it depends on your goals. Feel free to email or call me to discuss.

[@JasonWalter1]

My email is [e-mail]

[@Steverz32]

@@JasonWalter1 speaking great again! I live in Sacramento also & we get a lot of transplants from the Bay Area, so I think we will always be in demand. Just my 0.02 cents

[@nicholas1987ucsb]

Great video. Do a breakdown like this on LA and San Diego next!

[@JasonWalter1]

Thanks! Anyone else interested in this topic?

[@vicwiseman6038]

Yes and thank you!

[@Steverz32]

Happy Thursday Jason! As you say all the time….. #REALESTATEISLOCAL😊

[@JasonWalter1]

Top of the morning to you, Steve!

[@LockedUpLarry]

Less homes being sold, but at higher prices, is what we are seeing in these markets! This is how prices remain flat or slightly up. It’s a travesty when 75% of the population cannot afford to list their home! Where do they move? Also, you have economists failing to explain that the numbers for wages/jobs continue to go up, because the lower numbers are being slashed out of the averages (job cuts). This is paired with stay at home mothers taking on work to afford everyday items. Some of these items are conveniently left out of inflation reports. Crazy times are coming to the markets!

[@cathyc3869]

Thank you Jason... it is difficult to tell if you were talking about price up or down or # of homes for sale... you talk about both but slide from one to the other ... would love if every time you say something to say quantity or price even if you know I do not know I obviously love your information

[@natalya7356]

Seems like things are slowly turning. We'll slower in some areas than others. As expected.

[@reynaramos9553]

I live in Chico California but thinking on moving to Austin Texas. But is hard to make a decision.

[@JasonWalter1]

That's a big decision. I just referred a buyer yesterday to my go-to Austin real estate agent. If you want to chat with someone there about the market or what it's like to live there then happy to connect you. My email is [e-mail]

[@JasonWalter1]

My email is [e-mail]

[@Someonebutnoone10]

Don’t do it

[@Kurplode]

Lots of properties going on the market in Houston because buyers can’t afford the property taxes.

[@JasonWalter1]

High property taxes in TX but no state income taxes.

[@jimmierand5559]

Redfin shows that active listings in Harris County have had very little decrease (>15,000 listings). The median asking price and sale price are gradually decreasing to reflect this. Thank goodness. My wife and I have been looking for a long time.

[@MaddieBr]

It would be interesting to see what % of homes/condos are STRs by city. If they become unprofitable and are listed, that would add inventory to market

[@JasonWalter1]

I'm guessing Austin is seeing a big increase in those given the rise in property taxes and insurance as well as less demand for AirBnbs in general. ROI's are likely down.

[@Steverz32]

#1 Algorithm 👍

[@JasonWalter1]

Much appreciated!!! Thank you

[@pauldusa]

Probably more true is more foreclosures

[@JasonWalter1]

I believe the foreclosure rate is still very small for both cities. On a national level, only 2% of all home sales are from a distressed sale (short sale or foreclosure). For example I just looked this up: in Sacramento County (population of ~1M) for single-family homes there's only been 38 REO's for the entire year vs 9,189 traditional sales so only 0.4% are REO's here. According to Redfin for Austin, there's only 20 homes on their site that are foreclosures for sale (solds are not available) vs over 2k non-foreclosures for sale right now. Sorry for the novel. I was interested in the stats :)

[@lockup6104]

Mahalo 🤙🏽🤙🏽🇺🇸

[@JasonWalter1]

Good morning!

[@Steverz32]

#1😊

[@JasonWalter1]

First by a long shot! :)

[@LockedUpLarry]

Isn’t it crazy how Austin and CA as a whole are two different planets with the same people lol! 😂 Austin is the San Francisco of TX. No thanks.