Rastegar Capital CEO: Homeowners are in a very difficult circulatory issue

Real Estate Market Overview - The real estate market is not always "easy money" [4] - Existing homeowners are hesitant to move due to higher mortgage rates, with 80% having rates under 5% and facing a potential move to a 7% market [5] - Texas is not "doomed" despite rumors of Airbnb destroying the market [7] Texas Market Dynamics - The median home price in Texas is up 40%, creating a difficult situation for potential sellers [6] - Austin is experiencing significant population growth, with 400 people moving there daily, equating to adding the city of Pittsburgh every four to five years [8] - Austin has the fastest rental rate in the United States based on net absorption [10] Austin Commercial Development - Despite construction challenges, Austin's market is expected to strengthen due to the influx of people and intracompany business [9] - Tesla's $16 billion deal with Samsung, which has a location in Taylor (just outside of Austin), is expected to positively impact the market [9] - Major companies like Tesla, Oracle, Schwab, and Dell have a presence in Austin [8] Builder Concessions - Builders are offering concessions and price decreases to move new homes, indicating a less favorable market than headline numbers suggest [4] - New homes being sold require builders to make less money to move units [5]