Austin, TX
Austin homeowners drop house price nearly 30% as they struggle to sell
Despite broader signs of a stable and predictable housing market in Austin, Texas, a luxury home has undergone several price reductions over the past year—a drop nearly 30 percent below its initial April 2024 asking price of $3,250,000.
Why It Matters
Austin’s housing market has been described as stable, with consistent sales and prices expected throughout 2025.
However, according to local reporting out of KXAN Austin, informed by Unlock MLS, Zillow and Realtor.com data, the city’s median sales price has seen a year-over-year decline of 4.7 percent. This could suggest minor market changes or specific area adjustments, even amid overall market health.
The Austin property at 4808 Ranch Road 2222 tells a different story. This situation highlights that even in a generally positive market, some homeowners may face challenges that necessitate significant price adjustments.
Getty Images/Brandon Bell
What To Know
The 3,406-square-foot Austin home has dropped in price five times since its initial listing in April 2024, culminating in a total reduction of 27.69 percent, or $900,000.
This is quite a bit higher than Austin’s overall average percentage price drop of -9.15 percent, recorded last week, per Pricing Culture. Further, the property’s five reductions far exceed the Austin average last week of 2.11 price drops per listing.
The four-bedroom, three-and-a-half-bath home is located in Austin’s Bull Creek neighborhood. According to Realtor.com, the neighborhood as a whole has a median listing price of $1,412,500.
Local market data reported by KXAN Austin shows an increase in the number of days homes are staying on the market over the past eight months, averaging 84 days, though the average is slightly lower compared to a full year prior.
Outside of broader market trends, the home at 4808 Ranch Road could possibly point to an overestimated initial valuation or a lack of buyer interest at the higher price points in this upscale market segment.
What People Are Saying
Dr. Clare Knap, housing economist at Unlock MLS, told ATX Today: “2025 really will be a year in the Austin housing market that is defined by stability … predictable levels of inventory, relatively consistent mortgage rates, [and] consistent expectations around year-over-year changes to home sales and prices.”
“I don’t think we’re necessarily going to see the same level of growth … as we did in 2024, but I think we’re going to relatively maintain our level of inventory in 2025.”
Marco Santarelli, founder and CEO of Norada Real Estate Investments, wrote in a 2025-2026 Texas housing market forecast: “Several areas, including Austin, Huntsville, Sulphur Springs, Corpus Christi, and the Permian Basin cities like Odessa and Midland, face the possibility of experiencing a decline in home prices over the next year. Keep in mind that the projected declines are generally relatively small.”
What Happens Next
Analysts predict that while 2025 may see improvements in mortgage rates and buying conditions in Austin, sellers might still face pressures if economic uncertainties persist.
As for 4808 Ranch Road, only time will tell if the latest price adjustment will attract buyers or if further reductions are on the horizon.
Austin, TX
Appeals court rules Texas can require public schools to display Ten Commandments in class
DALLAS (AP) — Texas can require the Ten Commandments to be displayed in public school classrooms, a U.S. appeals court ruled Tuesday in a victory for conservatives who have long sought to incorporate more religion into schools.
WATCH: Texas school board approves new course material that includes Bible passages
It sets up a potential clash at the U.S. Supreme Court over the issue in the future.
The 5th Circuit Court of Appeals said in the decision that the law did not violate the First Amendment, which protects religious freedom and prevents the government from establishing a religion.
Texas Attorney General Ken Paxton, a Republican, called the ruling “a major victory for Texas and our moral values.”
“The Ten Commandments have had a profound impact on our nation, and it’s important that students learn from them every single day,” Paxton said.
Organizations representing the families who challenged the law, including the American Civil Liberties Union, said in a statement that they were “extremely disappointed” by the decision.
“The court’s ruling goes against fundamental First Amendment principles and binding U.S. Supreme Court authority. The First Amendment safeguards the separation of church and state, and the freedom of families to choose how, when and if to provide their children with religious instruction. This decision tramples those rights,” the statement said.
The law is among the pushes by Republicans, including President Donald Trump, to incorporate religion into public schools. Critics say it violates the separation of church and state while backers argue that the Ten Commandments are historical and part of the foundation of U.S. law.
The ruling, which reverses a district court’s judgment, comes after the full court heard arguments in January in the Texas case and a similar case in Louisiana. The appeals court in February cleared the way for Louisiana’s law, requiring displays of the Ten Commandments in public school classrooms. The 5th Circuit Court of Appeals voted 12-6 to lift a block that a lower court first placed on the law in 2024.
Texas law took effect on Sept. 1, marking the largest attempt in the nation to hang the Ten Commandments in public schools. About two dozen school districts had been barred from posting them after federal judges issued injunctions in two cases against the law but went up in many classrooms across the state as districts paid to have the posters printed themselves or accepted donations.
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Austin, TX
Texas DMV launches authorization system for automated commercial vehicles
Waymo self-driving car navigating city traffic, San Francisco, California, August 20, 2024. (Photo by Smith Collection/Gado/Getty Images)
AUSTIN, Texas – The Texas Department of Motor Vehicles is launching a new authorization system for companies looking to operate automated motor vehicles.
A new goes into effect next month that requires companies using automated vehicles to be authorized by TxDMV with the following requirements:
- Complies with all applicable Texas traffic and motor vehicle laws
- Is equipped with a recording device
- Uses an automated driving system that complies with federal law
- Can achieve minimal risk condition in the event of a system failure
- Has a proper title and registration
- Maintains motor vehicle insurance
The process allows companies to submit their applications online through the Texas Motor Carrier Credentialing System.
The new laws outlined in Senate Bill 2807 go into effect on May 28.
Automated vehicles in Texas
The backstory:
Autonomous driving services are already operating in major Texas cities. Dallas, Houston, Austin and San Antonio are all serviced by the driverless ride-share company Waymo.
In Austin, the service has received dozens of complaints about vehicles stalling, speeding and crashing.
There have also been complaints of vehicles illegally passing school buses.
In March, Swedish company Einride announced plans to bring autonomous freight trucks to Central Texas.
The Source: Information in this article comes from the Texas Department of Motor Vehicles and previous FOX Local reporting.
Austin, TX
Man charged after driving 100 mph in East Austin, crashing into bus station: affidavit
AUSTIN, Texas – A man was charged with intoxication manslaughter after a crash in East Austin.
The backstory:
According to an arrest affidavit, on April 17, around 1:31 a.m., officers responded to a crash in the 2800 block of East Martin Luther King Jr. Blvd.
An investigation revealed the driver, Jalen Carter, 32, was driving a 2026 white Nissan at an estimated speed of 100 mph in a 45 mph zone. The car “bottomed out” at a train crossing and lost control. The car then hit a utility pole, hit a bus station, and five parked cars before finally coming to a stop.
A passenger in the car, Carter’s mother, suffered a serious hand injury.
One witness told an officer that Carter had been smoking marijuana about 30 minutes before driving and was acting “abnormal and paranoid.” An officer described Carter’s eyes as bloodshot and glassy.
An officer said he also “exhibited cyclic behavior” and was alternating between grabbing his mother and falling unconscious.
When officers tried talking to Carter, they said he was uncooperative and combative. They also said he ignored verbal commands and had to be removed from his mother.
Carter and his mother were taken to a local hospital. His mother lost her thumb and required emergency surgery.
At the hospital, Cater was so aggressive that it took about 10 people, including four security guards, to hold him down. He was eventually sedated and intubated.
Carter was later charged with intoxication assault.
The Source: Information from an arrest affidavit
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