Austin, TX

Austin housing market given ominous warning

Published

6 months ago

July 14, 2025

Austin housing market given ominous warning

The vertiginous fall of home prices in Austin, Texas, seems to have no end in sight, according to experts who believe that steep declines are likely to continue in the coming months.

A recent analysis by real estate intelligence platform Parcl Labs estimates that the Texas capital will see the biggest downturn in home prices in the country over the next year—even as the cost of buying a home in the city has already fallen drastically from its COVID-19 pandemic peak.

Austin’s housing market, according to Parcl Labs, is currently in “bear territory”—which means, essentially, that property values have been dropping for a consistent period of time—with home prices now over 20 percent down from their peak.

Despite this dip, researchers at the company said, “we still expect home prices to decline 16.5 percent from current levels over the next 12 months. This is the largest expected decline in our coverage universe of 40 real estate markets nationally.”

Behind Austin’s Housing Market Downfall

According to Redfin, the median sale price of a home in May—the latest month for which reliable monthly figures are available—was $557,500, down 5 percent from a year earlier. At their peak in May 2022, home sale prices in the city had reached a median of $667,000—which means that buying property in Austin was over $200,000 more expensive than it had been before the pandemic, when it was around $400,000.

In the same month, home sales in the city were down by 12.1 percent year-over-year, at 861, and those homes that went under contract spent an average of 48 days on the market, six more than in May 2024. Active listings in the Austin-Round Rock metropolitan area totaled 12,525, up from 9,902 a year earlier. Inventory was actually higher than pre-pandemic level and the highest going as far as 2016, according to data from Realtor.com.

“It’s important to understand why these adjustments are happening and what they represent for the health of the market,” Emily Girard, chief executive officer (CEO) of Unlock MLS and the Austin Board of REALTORS (ABOR), told Newsweek. “What we’re seeing in Austin is a necessary and overdue normalization after an unprecedented period of price acceleration during the pandemic. It is a return to sustainability.”

Home prices skyrocketed during the pandemic homebuying frenzy unleashed by historically low mortgage rates.

“In 2021 during the pandemic, more homes were sold in the Austin-Round Rock MSA than ever before, and sales dollar volume yielded more than a $23 billion impact on the Austin-area economy,” Girard said. “The pandemic led to increased demand as buyers in the market had more disposable income and reevaluated their needs in a living space after spending months at home.”

She added: “That, combined with record-low interest rates at the time and an Austin economy that continued to make major company relocation announcements regularly, led to more homes being sold and prices increasing to an unsustainable level.”

The price declines that the city has been experiencing for the past couple of years represent “healthy adjustments,” Girard said as the market “normalizes.”

And prices, as experts say, are continuing to fall.

According to Redfin data, Austin was one of the metros reporting the biggest year-over-year declines in median sale prices, at -4.2 percent, in the four weeks ending July 6.

Photo-illustration by Newsweek/Getty/Canva

Buyers on Top

The Austin housing market downturn does not mean that the city has now become undesirable for buyers—quite the opposite.

“For buyers, this is one of the most favorable environments we’ve seen in years,” Girard said. “Buyers have time to shop, compare and negotiate—luxuries that weren’t available during the pandemic boom. They’re in the market with more intention and more options, especially with increased affordability for first-time and moderate-income homebuyers.”

Sellers might have a harder time accepting that they no longer have the upper hand, and they may be forced to compromise on prices—especially as price declines are expected to continue.

“Prices will continue to drop this year. That’s because the last half of the year we always have more inventory. And if you ever look at the seasonal bell curve in Austin’s selling season, prices always come down in the last half of the year,” Austin-based realtor Jeremy Knight told Newsweek. “Yet, there are a lot of buyers on the sidelines. If we do see rates come down in the last half of the year, you’ll see more closed numbers and buyers frantic in the market.”

Unfortunately, a majority of experts expect mortgage rates to continue hovering between the 6 and 7 percent marks through this year and 2026.

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Austin, TX

Man arrested, charged for deadly shooting at downtown Austin hotel

Published

7 hours ago

January 9, 2026

Press Room

Man arrested, charged for deadly shooting at downtown Austin hotel

article

AUSTIN, Texas – A 20-year-old was arrested and charged with murder for a deadly shooting at the Cambria Hotel in downtown Austin, police said.

What we know:

Police said on Monday, Jan. 5, around 6:55 a.m., officers responded to a report of a gunshot at the Cambria Hotel at 68 East Avenue #824. The caller said a person had been shot.

When officers arrived, they found a man with injuries. He later died at the scene. He was identified as Luke Bradburn.

The investigation revealed that Bradburn drove and crashed a car that belonged to 20-year-old Maximillian Salinas. After the crash, Bradburn and the other people in the car left and went to the Cambria Hotel.

Salinas went to the hotel and shot Bradburn.

On Jan. 6, Salinas was arrested and charged with murder.

Anyone with information is asked to contact the Austin Police at 512-974-TIPS. You may submit your tip anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477.

The Source: Information from the Austin Police Department

DowntownCrime and Public Safety

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Austin, TX

Austin activists hold anti-ICE protests following the death of Renee Good in Minneapolis

Published

19 hours ago

January 9, 2026

Press Room

Austin activists hold anti-ICE protests following the death of Renee Good in Minneapolis

Chants of “shame” and “ICE out of Texas” rang through the street as Austin-area activists joined thousands across the nation in protesting the killing of Renee Nicole Good, who was fatally shot Wednesday by an Immigration and Customs Enforcement officer in Minneapolis.

The protest was held in front of the U.S. Department of Homeland Security building in Pflugerville.

Good, 37, was shot in her SUV while attempting to drive away from several ICE officers who ordered her to exit her vehicle.

Scarleth Lopez with the Party for Socialism and Liberation, the organization that led the protest, said the videos of the shooting in Minneapolis were “sickening.”

“Trump has lied and and said that Renee was a terrorist. She was a mother. She was an innocent bystander,” Lopez said. “We must organize to stop these people from kidnapping and murdering.”

Lorianne Willett

KUT News

Spray painted messages appeared outside of a U.S. Department of Homeland Security building in Pflugerville

Elizabeth Bope, a retired Pflugerville ISD teacher, said the claims from federal and state lawmakers that Good was attempting to strike the ICE agent with her vehicle inspired her to attend the protest.

Such claims were posted online by Vice President J.D. Vance and Texas Sen. Ted Cruz. Attorney General Ken Paxton reposted a statement from DHS on X, formerly known as Twitter, that said the ICE agent “relied on his training and saved his own life.”

“It’s beyond really any words that they killed this woman for no reason, but also that they’re lying about it,” Bope said. “I’m not even a radical left person, I’m just a regular old Democrat.”

Other key Texas leaders, including Gov. Greg Abbott and Lt. Gov. Dan Patrick, have not commented on the shooting.

A group of protesters holding yellow signs reading "ICE Out of our Communities" gather during a night time protest. — Protesters gathered and held signs during a protest against ICE.

Doug Tickner, who said he works for a home building company in Austin, said he felt it was important to show up in person for Good.

“I don’t really think of Minneapolis as being that far from here, and it’s not like what happened in Minneapolis was some sort of one off unique event,” Tickner said. “This is part of a pattern, and I feel folks better wake up and realize that this is becoming more and more serious.”

The news that federal immigration officers shot and wounded two people in Portland, Oregon, broke hours before the protest.

The gathering in Pflugerville is among the first of four anti-ICE demonstrations planned across the Austin area over the next few days.

Earlier on Thursday, protesters gathered at the intersection of 45th Street and Lamar Boulevard during rush hour. A protest on Friday will be held at the Capitol and another will be held Saturday at City Hall.

Protesters bang on the outside of a building built of metal. — Protesters bang on the outside of the U.S. Department of Homeland Security building in Pflugerville.

State and federal leaders are now sparring over who should conduct an investigation into the Minneapolis shooting, according to NPR.

Minnesota’s Bureau of Criminal Apprehension, which was originally asked to conduct a joint investigation with the FBI, said in a statement it was later told the investigation would be led solely by federal authorities.

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Austin, TX

Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says

Published

1 day ago

January 8, 2026

Press Room

Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says

article

AUSTIN, Texas – A Texas agency is concerned that the flesh-eating New World screwworm could be getting closer to Texas without commercial livestock movement.

Texas Agriculture Commissioner Sid Miller is sounding the alarm again for livestock owners to remain vigilant in watching for signs of the parasite in their animals.

Screwworm sighting near Texas

The latest:

Miller said in a Thursday release that a screwworm had been detected in a cow in González, Tamaulipas, a little more than 200 miles from the southern Texas border.

According to the commissioner, the cow had no reported history of movement outside Tamaulipas, and is the third active case reported there.

Officials in Mexico have not reported a known population of the worm in Tamaulipas. They’re working with U.S. authorities to investigate further into the new case.

What they’re saying:

“The screwworm now may be moving closer on its own, with no apparent link to commercial animal movement,” Commissioner Miller said. “Texas producers must act now—stay informed, stay vigilant, and prepare immediately. We cannot drop our guard for even a moment.”

Inspect livestock for screwworm

What you can do:

Miller urged immediate action from ranchers along the Texas border.

“Inspect your animals daily,” Miller said. “Check every open wound. If anything looks suspicious, report it right away. Better a false alarm than a delayed response—early detection and rapid reporting are our strongest defenses against this devastating pest.”

U.S. plan to fight screwworm in Texas

Big picture view:

The threat to cattle has been deemed so potentially devastating to the U.S. food supply that the federal government is committing $850 million to fight it.

Most of that money will be spent on building a sterile male fly production facility near the border.

The facility will produce 300 million sterile male flies a week to be dropped into target areas where the screwworm is now. Those male flies help to reduce the population size through mating without reproducing.

A much smaller portion of the funding will be used for screwworm detection technology.

In addition, the federal government has already spent $21 million on a sterile fly production facility in Mexico.

What are New World screwworms?

Dig deeper:

The insect gets its name because it’s only found in the Americas.

It lays its eggs in the open wounds of animals, and its larvae become parasites, threatening livestock, domestic animals, and even people.

The screwworm was mostly eradicated in Texas and the rest of the United States in the 60s. But now, it’s moving north up from Panama and has a known presence a little over 300 miles south of the Texas-Mexico border.

The Source: Information in this article comes from Sid Miller.

Texas

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