I attended the ABOR Housing Summit and a few key points I took away were:

• Consumer Savings rate is 4.4% (2013-2019 was 6%) and was 32% during COVID.
• Employment is softening - but still a healthy job market
• Wage growth exceeds pre-pandemic trend
• Inflation has slowed, but isn't back to 2 %
• Rent and housing costs continue to rise
• Interest Rates are slow to move lower
• 81% of mortgages have a sub 6% rate and 53% are below 4%
• Active listing counts are up, but new listings are down
• 40% of Austin area homeowners have moved since 2018
• 43% of sales were 300k-350k before the pandemic yet the same price point now is only 2% making affordability a big issue.