Austin, TX
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.
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.
Austin, TX
Barton Springs Bridge named one of Preservation Texas’ most endangered places for 2026
AUSTIN, Texas (KXAN) – The City of Austin is considering replacing the Barton Springs Bridge, citing concerns about the structure’s condition and long-term safety. However, preservation advocates are urging city leaders to fully explore alternatives before moving forward.
This week, Preservation Texas named Barton Springs Bridge one of the most endangered places for 2026.
“It’s a major road and a lot of stuff happening around here all the time, you know, public safety access, all these things are huge concerns, too. But we think that the historic nature of the bridge is really important,” said Meghan Namour, Policy and Outreach Planner at Preservation Austin.
According to city officials, the 100-year-old bridge has deteriorated over time, with cracking concrete, missing sections of concrete and other issues that have raised concerns about its future.
In 2024, the city received a $32 million bridge improvement grant from the Federal Highway Administration to help fund the project.
For longtime Austin resident Bethani Ragland, the bridge represents a piece of the city’s history.
“I’ve been here so long, since my childhood,” said Bethani Ragland, Austin resident.
She said she was disappointed to learn the bridge could eventually be replaced.
“It was built well because I haven’t noticed anything, no cracking no nothing. There’s no reason to take the bridge down. It’s just more construction in Austin,” said Ragland.
City of Austin officials say the project must still go through the National Environmental Policy Act, or NEPA, review process.
In a statement to KXAN, the city said:
“The Barton Springs Bridge project is currently at the 90% design milestone. The project received a $32M bridge improvement program grant from the Federal Highway Administration, and will go through a National Environmental Policy Act (NEPA) review and approval process which includes assessment of environmental assets and review of bridge alternatives. The NEPA document will review and evaluate the historic, environmental and archeological significance of the bridge. There will be an analysis of both replacement and rehabilitation alternatives included. The NEPA process is expected to be completed in 2027.”
Preservation advocates say they hope that process includes meaningful consideration of ways to preserve the bridge.
“In our own city, we have examples of historic bridges that have been repurposed for new or different uses. There’s the Pfluger Pedestrian and Bike Bridge that was added next to the Lamar Bridge. Not every case is the same but we would love for those options to at least be meaningfully considered,” said Namour.
Austin, TX
3 Keys For Texas Baseball To Advance Out Of Austin Regional
The road to Omaha starts now for the No. 6 national seed Texas Longhorns. For the 39th time in the program’s storied history, the Longhorns will host the NCAA Regional with the opportunity to host a super regional if they can get out of a talent grouping.
This year’s Austin Regional is paired up with the Eugene Regional, hosted by the No. 11 Oregon Ducks. Last season, Texas had its best season since 2010 in its first year in the Southeastern Conference, but everything came crashing down when the Longhorns lost twice to the UTSA Roadrunners.
While last year’s result served as a lesson for the returners, most of the 2026 squad was either at other places or in high school, marking a new beginning for many.
“It’s always the most fun time of year, and certainly when you need the opportunity to play at home,” head coach Jim Schlossnagle said. “Welcome to Holy Cross, Tarleton State, and UCSB. Looking forward to great three or four days of baseball.”
Here are some keys for the Longhorns to make it out of the regional round of the NCAA Tournament for the first time since 2023.
1 – Aiden Robbins Must Produce
At one point in the season, Texas junior outfielder Aiden Robbins was one of the most dangerous hitters in the nation. For a hitter who has never batted under .300 dating back to high school, he maintained his production in a much more competitive SEC slate.
But in the final couple of games in the season, Robbins has not been the same imposing bat that won him the SEC Newcomer of the Year honors. Dating back to the Tennessee series, Robbins has gone 4-for-21 at the plate while striking out nine times.
The Longhorns’ top-of-the-order bat is also riding a three-game hitless streak heading into postseason play.
Robbins is battling back from a stomach bug that took him out early in the second game of the Missouri series and the entirety of the regular season finale.
If Texas wants to get out of its regional, its best bat for the entirety of the season must get back to his original form. A possible tuneup game against Holy Cross may be the switch to get him back. If not, he’ll have to move down in the order to allow catcher Carson Tinney and SEC Freshman of the Year, Anthony Pack Jr., to be the brunt of the offensive load.
2 – Texas Can’t Get Into The Loser’s Bracket
Playing two games in one day is almost a death sentence for any team with hopes of making it out of the regional.
Texas learned this the hard way: after beating Houston Christian in the first game of last season’s regional, the Longhorns fell in the second game to UTSA, forcing them to battle in the losers’ bracket with Kansas State.
Despite beating Kansas State on Sunday, Texas only had around an hour’s break before the regional final game, and a rematch with UTSA, ultimately in the regional defining loss.
“The biggest thing we learned is that everything up to this point just doesn’t, doesn’t matter. It’s all out the window – it’s a new season,” Luke Harrison said. “We’ve got to find a way to get better as a team and play better than we have all year.”
Texas is rolling out Harrison for game one against Holy Cross, saving Dylan Volantis for a big-time game on Saturday for either a rematch with Tarleton State or against a talented UC-Santa Brarba team.
While Texas does have the arms to win out of the losers’ bracket, it’s a task that will cause more pressure on the entire team.
3 – Starters and Bullpen Must Play Their A-Game
It has been well documented that the bullpen has seen its fair share of woes this season, and one of the keys to beating Texas is to retire the starter early to force them to tap into the bullpen early.
The starting trio of Harrison, Dylan Volantis and Ruger Riojas must eat up as many innings as possible, something they’ve done for the most part the entire season. Then it’s up to the bullpen to not allow the opposition to gain momentum down the stretch.
For Schlossnagle, there will not be much experimentation in the regional, and the arms that have proven their worth will get the nod.
“The guys who have pitched the best all season, they’re going to pitch the most,” Schlossnagle said. “If that means a reliever who maybe hasn’t pitched before the seventh inning has to come in a different part of the game, that’s what’s going to happen.”
While the SEC Tournament was disappointing on the hitting front, Texas was able to get looks from multiple pitchers in different parts of the game. Freshman pitchers, Sam Cozart and Brett Crossland, will be primary options while Thomas Burns and Haiden Leffew cannot struggle in the late-inning situations
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Austin, TX
Texas Education Agency rejects Austin ISD’s plan for failing schools
The Texas Education Agency rejected a partnership proposed by the Austin Independent School District to buy the district more time to avoid a state takeover. In a letter sent to Superintendent Matias Segura on Thursday, the TEA denied the district’s request to hand over three middle schools to an outside provider to run them under what is known as an 1882 agreement.
In March, the district proposed partnering with the Texas Council for International Studies to run Burnet, Dobie and Webb middle schools as charter schools. The three campuses have received four consecutive unacceptable grades from the state’s accountability system. A fifth failing grade could trigger a total takeover of the entire district, with the TEA replacing the school board with a board of managers.
The letter sent to Segura explains the operating partner must comply with three criteria: have at least three years of experience before taking over a campus; have managed multiple campuses for multiple years; and have significantly improved the academic performance of campuses. The TEA says TCIS only meets two of those three criteria, and it “does not qualify as an operating partner with the capacity necessary to successfully turn around campuses.”
The TEA argues TCIS has failed to prove a track record of improving campuses’ academic performance. TCIS has managed 16 campuses in San Antonio ISD, Longview ISD and Edgewood ISD. However, only five out of those campuses had a D or an F rating before being operated by the non-profit.
AISD Superintendent Segura said in a written statement to families on Thursday evening that the district remains confident that TCIS is capable of lifting student outcomes.
“While this response is disappointing, I want to assure you that this is not the end of the process,” Segura said in the statement. “TEA has explicitly invited Austin ISD to submit additional information to support and reinforce our application, and we fully intend to do so.”
If approved, the two-year 1882 agreement would allow the district to pause the accountability clock for these three schools. AISD and TCIS can still continue with the partnership, but if they choose to, the TEA said, Burnet, Dobie and Webb would not get the benefits of the 1882 agreement, including state funding and reprieve from state ratings.
When the partnership was approved during a board meeting in March, Segura said district officials were confident the TEA would approve it because they had talked with TCIS about expectations and had visited their schools. Segura said the district had also received feedback from the TEA about the plan and had adjusted the partnership accordingly.
“When we look at the timeline, we could see on May or June before we get a final approval. But we are not shy about asking questions and making adjustments where appropriate,” he said. “But if the agency does not accept after all of that we would appreciate the opportunity to make the adjustment, which is what we have seen them do.”
KUT reached out to the TEA to ask about when a final decision must be made, and has not heard back.
Ratings for the 2025-2026 school year have not yet been released. But in his message to parents Thursday, Segura said the district is seeing “promising accelerated student growth” across the district. He said district officials will continue advocating for a partnership.
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