Austin, TX

Austin-area housing outlook positive; job growth, slower home prices pluses, expert says

Published

3 months ago

February 28, 2024

Austin-area housing outlook positive; job growth, slower home prices pluses, expert says

Longtime Central Texas housing market analyst Eldon Rude recently gave his 21st annual forecast at an event sponsored by the Home Builders Association of Greater Austin. Rude is principal of 360° Real Estate Analytics, an Austin-based real estate consulting firm.

“This year is going to be better than last year, for many reasons,” Rude said.

Rude said that, among its peer cities, Austin had the biggest decline in its ratio of median family income to median home price last year, as home prices declined amid rising mortgage interest rates.

(According to Fidelity, for most individuals and families, a home’s value, generally speaking, should be no more than three to five times their total annual household income.)

Austin saw a decline from the high end of that range —from a multiplier where the median home price was five times that of the median family income in 2022 — down to a multiplier last year of 3.9 (that is, the median home price last year was $481,200, while the median family income was $122,300).

Some slowdown in home prices could be a plus in helping Austin continue to attract people and businesses.

“In the span of a year, we got more attractive, and I think that’s a good thing,” Rude said.

In another positive, Rude said, his homebuilder clients report that sales have started off well in the first six weeks of the year.

“All industry eyes are on the direction of interest rates,” Rude said.

And while some other metros are losing population and jobs, Rude said, he and other analysts expect Texas and the Austin area to outperform many places around the country.

“There is reason for all of us to feel good about where we are,” Rude said.

He said the Austin region gained 32,800 jobs from December 2022 to December 2023, a 2.5% job growth rate. The local jobless rate was 3% in December.

“So many talented people and companies have decided over time this is a place they want to live and grow their businesses,” Rude said. “We are so lucky we are in this industry in Austin, Texas.”

In advance of his presentation, attended by nearly 700 industry professionals Thursday, Rude shared these takeaways of his 2024 forecast with the Statesman:

“Looking at the market for previously owned homes, I see available inventory remaining tight this year as many existing home owners remain reluctant to sell their homes if they have an existing mortgage with an interest rate well below what they can get with a new loan.”

“New homebuilders are starting the year with enough inventory to give prospective buyers options as they look for a new home. Also, many builders are offering interest rate buy-downs to purchasers to help them qualify for a mortgage.”

“As we move deeper into 2024, I expect the number of available new homes will drop as builders work to reduce their inventory to levels more consistent with pre-COVID norms for the industry.”

“With fewer new homes in inventory expected later this year, homebuyers will see more competition for available homes, with builders likely offering fewer price concessions than buyers have seen over the last year or so.”

The biggest challenge I see emerging in the new home market in the coming years is the dwindling supply of lots and land available to build homes. The most significant issues are related to the challenges in securing adequate water supplies to build enough homes to accommodate the region’s future needs. Builders, developers and investors continue to look further out for land.”

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Austin, TX

Austin, Texas: Fentanyl Found in Marijuana.

Published

6 hours ago

May 13, 2024

Press Room

Austin, Texas: Fentanyl Found in Marijuana.

This much fentanyl will kill a human.

EXCLUSIVE TO WBAP/KLIF NEWS, DALLAS.

AUSTIN – (WBAP/KLIF) – Austin Police report initial testing of substances seized during initial investigation and arrests in connection with its “overdose week” finds deadly fentanyl in marijuana.

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Austin, TX

2024 NCAA DI men's golf championships: Schedule, how to watch

Published

13 hours ago

May 13, 2024

Press Room

2024 NCAA DI men's golf championships: Schedule, how to watch

The 2024 NCAA DI men’s golf championship began with selections on Wednesday, May 1. The championship concludes March 24-29 in Carlsbad, California.

Click or tap here to see every team and individual qualifier.

2024 DI men’s golf championships schedule

Selection show for regional teams and individuals

Wednesday, May 1 | 2 p.m. ET | Golf Channel

Regionals

Monday, May 13-Wednesday, May 15
- The University of Texas Golf Club | Austin, TX (Texas, host)
- University Club | Baton Rouge, LA (LSU, host)
- UNC Finley Golf Course | Chapel Hill, NC (UNC, host)
- The Farms Golf Club | Rancho Santa Fe, CA (San Diego, host)
- Stanford Golf Course | Stanford, CA (Stanford, host)
- Birck Boilermaker Golf Complex | West Lafayette, IN (Purdue, host)

National championships

Friday, May 24-Wednesday, May 29
- Omni La Costa Resort & Spa | Carlsbad, CA

How the championship works

Six 54-hole regional tournaments will be conducted to determine the 30 qualifying teams and six individuals (not on those qualifying teams) who will compete in the finals. Thirteen teams and 10 individuals (not on those teams) will compete at each of three regionals while the other three regionals will have 14 teams and five individuals (not on those teams). The low five teams and the low individual not on those teams will advance to the finals.

All 30 teams and six individuals will complete 54 holes of stroke play. Following 54 holes of competition, the top 15 teams along with the top nine individuals not on an advancing team will advance for one additional day of stroke play to determine the top eight teams for match-play competition and the 72-hole stroke-play individual champion. The top eight teams after 72 holes of play will be placed into a bracket thereafter.

The 2024 national championships will be hosted by the University of Texas at Austin and held at Omni La Costa Resort & Spa.

In team match-play competition, a total of five points will be available with one point being awarded for each individual match. Winning teams will advance to the semifinals and subsequently, the finals. The first team to win three points within the team match will advance, or in the case of the final match, be declared the national champion.

⛳️ Where Masters winners played golf in college

2024 DI men’s golf championships selections

West Lafayette Regional

Hosted by Purdue | Birck Boilermaker Golf Complex

Teams (seeded in the following order):
1. Vanderbilt
2.   Arizona
3.   Florida
4.   New Mexico
5.   Purdue
6.   San Diego State [Mountain West Conference]
7.   Mississippi State
8.   Indiana
9. College of Charleston [Coastal Athletic Association]
10. Stetson
11. Colorado State
12. Southern Illinois [Missouri Valley Conference]
13. Tennessee Tech [Ohio Valley Conference]

Individuals (seeded in the following order):
1. Caleb VanArragon, Valparaiso
2.   Hunter Thomson, Michigan
3.   Cameron Huss, Wisconsin
4.   Barend Botha, Toledo
5.   Valentin Peugnet, Illinois State
6.   Owen Stamper, Middle Tennessee
7.   Alex McCulla, Illinois State
8.   Ty Gingerich, Cincinnati
9.   Luke Fuller, Western Kentucky
10. Ben Ortwein, Rider

Baton Rouge Regional

Hosted by LSU | University Club

Teams (seeded in the following order):
1.   Auburn [Southeastern Conference]
2.   Virginia
3.   Texas Tech
4.   Oregon
5.   Duke
6.   Ohio State
7.   LSU
8.   Louisville
9.   Houston
10.   South Carolina
11.   Lipscomb [ASUN Conference]
12.   Yale [The Ivy League]
13.   Loyola Maryland [Patriot League]
14.   Arkansas-Pine Bluff [Southwestern Athletic Conference]

Individuals (seeded in the following order):
1.   Alex Goff, Kentucky
2.   Max Sturdza, Florida Atlantic
3.   Niilo Maki-Petaja, Louisiana Tech
4.   Hugo Thyr, South Alabama
5.   Archie Smith, Little Rock

Chapel Hill Regional

Hosted by North Carolina | Finley Golf Club

Teams (seeded in the following order):
1. North Carolina [Atlantic Coast Conference]
2.   Alabama
3.   Georgia Tech
4.   East Tennessee State [Southern Conference]
5.   Northwestern [Big Ten Conference]
6.   Baylor
7.   VCU [Atlantic 10 Conference]
8.   LMU
9.   Long Beach State [Big West Conference]
10.   Clemson
11.   Michigan State
12.   Ball State [Mid-American Conference]
13.   Howard [Northeast Conference]

Individuals (seeded in the following order):
1. Tobias Jonsson, Mercer
2.   Walker Isley, UNCW
3.   Nick Mathews, NC State
4.   Conor Gough, Charlotte
5.   Will Davis, Davidson
6.   Spencer Oxendine, NC State
7.   Erik Johansson, Campbell
8.   Claes Borregaard, Kennesaw State
9.   Justin LaRue, Longwood
10. Fred Roberts IV, High Point

Austin Regional

Hosted by Texas | The University of Texas Golf CLub

Teams (seeded in the following order):
1.   Tennessee
2.   Arkansas
3.   Texas [Big 12 Conference]
4.   Georgia
5.   Wake Forest
6.   Notre Dame
7.   UNC Greensboro
8.   Brigham Young
9.   Utah
10.   San Jose State
11.   Grand Canyon [Western Athletic Conference]
12.   Arkansas State [Sun Belt Conference]
13.   Kansas City [The Summit League]

Individuals (seeded in the following order):
1. Gustav Frimodt, TCU
2. Luke Gutschewski, Iowa State
3.   Hunter Bott, UTSA
4.   Cooper Schultz, Kansas State
5.   Kobe Valociek, Virginia Tech
6.   Joseph Sullivan, Florida Gulf Coast
7.   Erik Jansson, Jacksonville State
8.   Justin Biwer, Colorado
9.   Alexandre Vandermoten, Jacksonville
10. Peicheng Chen, St. John’s

Stanford Regional

Hosted by Stanford | Stanford Golf Course

Teams (seeded in the following order):
1. Florida State
2.   Ole Miss
3.   Illinois
4.   Texas A&M
5.   Stanford
6.   UCLA
7.   SMU
8.   Missouri
9.   Fresno State
10.   UNLV
11.   Augusta University [Southland Conference]
12.   Liberty [Conference USA]
13.   Sacramento State [Big Sky Conference]
14.   Siena [Metro Atlantic Athletic Conference]

Individuals (seeded in the following order):
1. Enrique Dimayuga, Nevada
2.   Ben Warian, Minnesota
3.   Jakob Melin, San Francisco
4.   Cole Rueck, Boise State
5.   Joe Sykes, Idaho

Rancho Santa Fe Regional

Hosted by San Diego | The Farms Golf Club

Teams (seeded in the following order):
1. Arizona State [Pac-12 Conference]
2.   Washington
3.   Oklahoma
4.   California
5.   Oklahoma State
6.   North Florida
7.   Chattanooga
8.   South Florida [American Athletic Conference]
9.   San Diego [West Coast Conference]
10.   West Virginia
11.   Kansas
12.   Wright State [Horizon League]
13.   Seton Hall [Big East Conference]
14.   Winthrop [Big South Conference]

Individuals (seeded in the following order):
1. Mahanth Chirravuri, Pepperdine
2.   Tegan Andrews, Cal State Fullerton
3.   William Walsh, Pepperdine
4.   Brady Siravo, Pepperdine
5.   Kevin Li, Seattle University

Championship history

Florida won last year’s title as the program’s fifth overall. Check out the full championship history below:

YEAR	CHAMPION	COACH	SCORE	RUNNER-UP	SCORE	HOST OR SITE
2023	Florida	J.C. Deacon	3	Georgia Tech	1	Scottsdale, Ariz.
2022	Texas	John Fields	3	Arizona State	2
2021	Pepperdine	Michael Beard	3	Oklahoma	2	Scottsdale, Ariz.
2020	Canceled due to Covid-19	—	—	—	—	—
2019	Stanford	Conrad Ray	3	Texas	2	Fayetteville Ark.
2018	Oklahoma State	Alan Bratton	5	Alabama	0	Stillwater, Okla.
2017	Oklahoma	Ryan Hybl	3.5	Oregon	1.5	Sugar Grove, Ill.
2016	Oregon	Casey Martin	3	Texas	2	Eugene, Ore.
2015	LSU	Chuck Winstead	4	Southern California	1	Bradenton, Fla.
2014	Alabama	Jay Seawell	4	Oklahoma State	1	Hutchinson, Kan.
2013	Alabama	Jay Seawell	4	Illinois	1	Atlanta
2012	Texas	John Fields	3	Alabama	2	Pacific Palisades, Calif.
2011	Augusta State	Josh Gregory	3	Georgia	2	Oklahoma State
2010	Augusta State	Josh Gregory	3.5	Oklahoma State	1.5	Ooltewah, Tenn.
2009	Texas A&M	J.T. Higgins	3	Arkansas	2	Toledo
2008	UCLA	Derek Freeman	1,194	Stanford	1,195	Purdue
2007	Stanford	Conrad Ray	1,109	Georgia	1,121	VCU
2006	Oklahoma State	Mike McGraw	1,143	Florida	1,146	Sunriver, Ore.
2005	Georgia	Chris Haack	1,135	Georgia Tech	1,146	Owings Mills, Md.
2004	California	Steve Desimone	1,134	UCLA	1,140	Hot Springs, Va.
2003	Clemson	Larry Penley	1,191	Oklahoma State	1,193	Oklahoma State
2002	Minnesota	Brad James	1,134	Georgia Tech	1,138	Ohio State
2001	Florida	Buddy Alexander	1,126	Clemson	1,144	Duke
2000	*Oklahoma State	Mike Holder	1,116	Georgia Tech	1,116	Auburn
1999	Georgia	Chris Haack	1,180	Oklahoma State	1,183	Minnesota
1998	UNLV	Dwaine Knight	1,118	Clemson	1,121	New Mexico
1997	Pepperdine	John Geiberger	1,148	Wake Forest	1,151	Northwestern
1996	Arizona State	Randy Lein	1,186	UNLV	1,189	Chattanooga, Tenn.
1995	*Oklahoma State	Mike Holder	1,156	Stanford	1,156	Ohio State
1994	Stanford	Wally Goodwin	1,129	Texas	1,133	SMU
1993	Florida	Buddy Alexander	1,145	Georgia Tech	1,146	Kentucky
1992	Arizona	Rick LaRose	1,129	Arizona State	1,136	New Mexico
1991	Oklahoma State	Mike Holder	1,161	North Carolina	1,168	San Jose State
1990	Arizona State	Steve Loy	1,155	Florida	1,157	Florida
1989	Oklahoma	Gregg Grost	1,139	Texas	1,158	Oklahoma State/Oklahoma
1988	UCLA	Eddie Merrins	1,176	UTEP/Oklahoma/Oklahoma State	1,179	Southern California
1987	Oklahoma State	Mike Holder	1,160	Wake Forest	1,176	Ohio State
1986	Wake Forest	Jess Haddock	1,156	Oklahoma State	1,160	Wake Forest
1985	Houston	Dave Williams	1,172	Oklahoma State	1,175	Florida
1984	Houston	Dave Williams	1,145	Oklahoma State	1,146	Houston
1983	Oklahoma State	Mike Holder	1,161	Texas	1,168	Fresno State
1982	Houston	Dave Williams	1,141	Oklahoma State	1,151	Pinehurst
1981	BYU	Karl Tucker	1,161	Oral Roberts	1,163	Stanford
1980	Oklahoma State	Mike Holder	1,173	BYU	1,177	Ohio State
1979	Ohio State	James Brown	1,189	Oklahoma State	1,191	Wake Forest
1978	Oklahoma State	Mike Holder	1,140	Georgia	1,157	Oregon
1977	Houston	Dave Williams	1,197	Oklahoma State	1,205	Colgate
1976	Oklahoma State	Mike Holder	1,166	BYU	1,173	New Mexico
1975	Wake Forest	Jess Haddock	1,156	Oklahoma State	1,189	Ohio State
1974	Wake Forest	Jess Haddock	1,158	Florida	1,160	San Diego State
1973	Florida	Buster Bishop	1,149	Oklahoma State	1,159	Oklahoma State
1972	Texas	George Hannon	1,146	Houston	1,159	Cape Coral
1971	Texas	George Hannon	1,144	Houston	1,151	Arizona
1970	Houston	Dave Williams	1,172	Wake Forest	1,182	Ohio State
1969	Houston	Dave Williams	1,223	Wake Forest	1,232	Broadmoor
1968	Florida	Buster Bishop	1,154	Houston	1,156	New Mexico State
1967	Houston	Dave Williams	585	Florida	588	Shawnee, Pa.
1966	Houston	Dave Williams	582	San Jose State	586	Stanford
1965	Houston	Dave Williams	577	Cal State L.A.	587	Tennessee
1964	Houston	Dave Williams	580	Oklahoma State	587	Broadmoor
1963	Oklahoma State	Labron Harris	581	Houston	582	Wichita State
1962	Houston	Dave Williams	588	Oklahoma State	598	Duke
1961	Purdue	Sam Voinoff	584	Arizona State	595	Lafayette
1960	Houston	Dave Williams	603	Purdue/Oklahoma State	607	Broadmoor
1959	Houston	Dave Williams	561	Purdue	571	Oregon
1958	Houston	Dave Williams	570	Oklahoma State	582	Williams
1957	Houston	Dave Williams	602	Stanford	603	Broadmoor
1956	Houston	Dave Williams	601	North Texas/Purdue	602	Ohio State
1955	LSU	Mike Barbato	574	North Texas	583	Tennessee
1954	SMU	Graham Ross	572	North Texas	573	Houston/Rice
1953	Stanford	Charles Finger	578	North Carolina	580	Broadmoor
1952	North Texas	Fred Cobb	587	Michigan	593	Purdue
1951	North Texas	Fred Cobb	588	Ohio State	589	Ohio State
1950	North Texas	Fred Cobb	573	Purdue	577	New Mexico
1949	North Texas	Fred Cobb	590	Purdue/Texas	600	Iowa State
1948	San Jose State	Wilbur Hubbard	579	LSU	588	Stanford
1947	LSU	T.P. Heard	606	Duke	614	Michigan
1946	Stanford	Eddie Twiggs	619	Michigan	624	Princeton
1945	Ohio State	Robert Kepler	602	Northwestern	621	Ohio State
1944	Notre Dame	George Holderith	311	Minnesota	312	Inverness
1943	Yale	William Neale	614	Michigan	618	Olympia Fields
1942	LSU/Stanford	Major J. Perry Cole/Eddie Twiggs	590			Notre Dame
1941	Stanford	Eddie Twiggs	580	LSU	599	Ohio State
1940	Princeton/LSU	Walter Bourne/Major J. Perry Cole	601			Ekwanok
1939	Stanford	Eddie Twiggs	612	Northwestern/Princeton	614	Wakonda
1938	Stanford					Louisville
1937	Princeton					Oakmont
1936	Yale					North Shore
1935	Michigan					Congressional
1934	Michigan					Cleveland
1933	Yale					Buffalo
1932	Yale					Hot Springs, Va.
1931	Yale					Olympia Fields
1930	Princeton					Oakmont
1929	Princeton					Deal, N.J.
1928	Princeton					Apawamis
1927	Princeton					Garden City
1926	Yale					Merion
1925	Yale					Montclair
1924	Yale					Greenwich
1923	Princeton					Siwanoy
1922	Princeton					Garden City
1921	Dartmouth					Greenwich
1920	Princeton					Nassau
1919	Princeton					Merion
1916	Princeton					Oakmont
1915	Yale					Greenwich
1914	Princeton					Garden City
1912	Yale (fall)/ Yale (spring)					Huntingdon Valley/Ekwanko
1911	Yale					Baltusrol
1910	Yale					Essex County
1909	Yale					Apawamis
1908	Yale					Brae Burn
1907	Yale					Nassau
1906	Yale					Garden City
1905	Yale					Garden City
1904	Harvard					Myopia
1903	Harvard					Garden City
1902	Harvard (fall)/Yale (spring)					Morris County/Garden City
1901	Harvard					Atlantic City
1899	Harvard
1898	Yale (fall)/Harvard (spring)
1897	Yale					Ardsley Casino

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Austin, TX

Longhorns Ex Christian Jones Reveals Why ‘Texas is Back!’ After Joining Arizona Cardinals

Published

20 hours ago

May 13, 2024

Press Room

Longhorns Ex Christian Jones Reveals Why ‘Texas is Back!’ After Joining Arizona Cardinals

AUSTIN — Many Texas fans felt Sam Ehlinger put a “curse” on the program after confidently saying “We’re baaaack” following the Sugar Bowl win over Georgia in 2019.

Exactly five years later to the day, the Longhorns found themselves in the same stadium on an even bigger stage. Though the thrilling loss to Washington was as heartbreaking as they come, Texas reestablished itself among college football’s elite, something a Longhorns draftee talked about recently.

Oct 21, 2023; Houston, Texas, USA; Texas Longhorns offensive lineman Christian Jones (70) / Maria Lysaker-USA TODAY Sports

Former Texas offensive tackle Christian Jones, who was selected by the Arizona Cardinals in the fifth round of the 2024 NFL Draft last month, spoke to the Arizona media about his time at Texas didn’t hesitate to utter the infamous three-word phrase.

“Honestly, big shout out to Coach Sark, for real,” Jones said.“Coach Sark came in to a ’21 team that really had no culture. All the growing pains and all that to turn it around in such a short time, we
got rid of all the anchors and now we have straight oars. Everyone’s on the same mission, doing the same thing. Same mindset. Anyone who is not with it, they can get gone. For real. I think Texas is back, you feel me? Just off of culture alone.”

Jones appeared in 61 games while making 48 starts during his six years at Texas. He was a Joe Moore Award semifinalist in 2023 and an honorable mention All-Big 12 selection in 2022 and 2023 by the league’s coaches. He did this all while blocking for Bijan Robinson, Roschon Johnson and Jonathon Brooks, all of whom are now in the NFL.

“Arizona got a great player and person, and a guy with a very bright future in the NFL,” Sarkisian said after Jones was drafted.

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