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This put the Austin market on the map per Tiffany Grana, real estate specialist withNicole Kessler Group COMPASS.
That generated a huge boom in 2021 and the first half of 2022, Grana said.
In addition, high interest rates have also caused prices to increase, becoming too steep for many homebuyers.
We have been in an adjustment period ever since, Grana added.
The sunny skies are still inviting, but the real estate prices are not exactly middle-class-friendly anymore.
Plus, its more affordable than neighboring Greenwich, saidSuzette Kraus, Founder of SK Homes Team at Compass.
Large suburban cities like these have always attracted a wide range of buyers.
Hurwitz said, The average home price in New Rochelle ten years ago was about $750,000.
Now, we are looking at a minimum of $1.1 million for that same four-bedroom.
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