Austin, TX

Austin’s troubled housing market gets more bad news

Published

1 year ago

July 23, 2024

Austin’s troubled housing market gets more bad news

Home prices in the former pandemic boomtown of Austin, Texas, dropped by -0.1 percent from May to June, according to the latest data from Zillow compiled by journalist Lance Lambert.

“In early June, I said the Austin metro is poised for some more home price declines in the second half of 2024,” Lambert, who writes for ResiClub, posted on X. “The tell-tale sign was the weak month-over-month print from April to May—historically one of the strongest reporting months of the year.”

In early June, I said the Austin metro is poised for some more home price declines in the second half of 2024.
The tell-tale sign was the weak month-over-month print from April to May—historically one of the strongest reporting months of the year.
The June print came in red 👇 pic.twitter.com/kVSCDqsvwb
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— Lance Lambert (@NewsLambert) July 23, 2024

After a drop of -0.6 percent between December 2023 and January, home prices had modestly been rising in the Texas capital. Between January and February, they increased by 0.3 percent; in both March and April they grew by 1.1 percent month-over-month. From April to May, they increased by only 0.2 percent.

More From Newsweek Vault: How to Calculate How Much House You Can Afford

While the June home price decrease is a far cry from the steep drops of summer and winter of 2022, when prices plunged by as much as -3.0 percent, it’s a clear sign that Austin’s housing market is still navigating troubled waters.

In an aerial view, the downtown skyline is seen on March 19, 2024 in Austin, Texas. Home prices in Austin have fallen between May and June, as inventory grows in the city.

Brandon Bell/Getty Images

When the pandemic hit, Austin had been the fastest growing large metropolitan area in the country in more than a decade, according to data from the U.S. Census Bureau. During the COVID-19 health emergency, the city saw a massive influx of people moving from other states into the Texas capital, attracted by more affordable prices, Austin’s great weather and its vibrant culture.

More From Newsweek Vault: Step-by-Step Guide on How to Qualify for a Mortgage

These people—often remote workers leaving expensive cities like the ones in California’s Bay Area—brought up demand for homes in the city at a time of historically low supply, engaging in cutthroat bidding wars and sending prices to the roof. At its peak in May 2022, the median sale price of a home in Austin had reached $667,000, according to Redfin data, up 16.0 percent from a year earlier.

But after the end of the pandemic boom, many remote workers were forced to return home and leave Austin, while the massive migration of the past couple of years started to decline. As the U.S. housing market was experiencing a modest price correction between late summer 2022 and spring 2023, Austin was witnessing a much more dramatic collapse of its home prices.

“Because prices have been so high, there was a lot of room for prices to fall,” Daryl Fairweather, Redfin chief economist, previously told Newsweek. Between July 2022 and February 2023, home prices fell in Austin for eight consecutive months, by as much as -3.0 percent and as little as -0.9 percent.

After rising for three months between April 2023 and June 2023, home prices in the city started dropping again between July 2023 and January 2024, though the deepest drop was a much more modest -1.5 percent.

An increase in housing inventory is partly responsible for this further drop in prices. According to a recent analysis of Realtor.com active listings made by ResiClub, housing inventory for sale in Austin reached a new cycle high last month at 10,913 and it’s now 41 percent above pre-pandemic levels.

While the median sale price of homes in Austin remains much higher than the state’s average of $354,800, according to Redfin data, the cost of housing has dropped noticeably since the pandemic. In June, as per Redfin data, the median sale price of a home was $564,000, down -6.0 percent year-over-year.

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Austin, TX

Minor arrested in double-fatal shooting in Williamson County

Published

10 hours ago

January 3, 2026

Press Room

Minor arrested in double-fatal shooting in Williamson County

article

Accident or crime scene cordon tape, police line do not cross. via Getty Images

WILLIAMSON COUNTY, Texas – A juvenile has been arrested Saturday after an early morning double-homicide near Round Rock.

The situation ended after officials successfully negotiated a barricade situation with the minor, they say.

Williamson County double-homicide

What we know:

Williamson County authorities got the shooting call around 2 a.m. from the 8900 block of Brushy Gate Cove, outside the Round Rock city limits.

Williamson County sheriff’s deputies found two men dead of gunshot wounds at the scene. The suspect was barricaded inside a bedroom in the home.

Williamson County SWAT and crisis negotiators responded, and the suspect peacefully surrendered around 6:30 a.m.

Officials say there is no ongoing threat to the public.

Williamson County officials comment

What they’re saying:

“On our arrival, we found two deceased people from the residence, adult males,” said Commander John Foster of the Williamson County Sheriff’s Office.

“Anytime you have a barricaded subject inside of a home where we believe two people are deceased, you know, we’re going to take all precautionary measures that we can to ensure our safety and the safety of the neighbors as well,” said Foster.

Investigators say everyone involved resided in the house and that this was an isolated incident.

“Information is going to be very limited, because this is a juvenile investigation, and certain laws protect certain information regarding juveniles,” said Foster.

What we don’t know:

The identity of the minor suspect has not been released.

The victims were not identified.

The motive behind the shooting has not been commented on.

The Source: Information in this article came from the Williamson County Sheriff’s Office.

Williamson CountyCrime and Public Safety

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Austin, TX

Camera Sensor for iPhone 18 Camera to be Made by Samsung in Austin, TX Facility

Published

6 days ago

December 29, 2025

Press Room

Camera Sensor for iPhone 18 Camera to be Made by Samsung in Austin, TX Facility

Samsung is taking steps to provide Apple with image sensors built with advanced technology for iPhones. Reportedly, the sensors for the iPhone will be manufactured in Samsung’s current Austin, Texas facility, and the company is anticipated to soon have production equipment installed for the upcoming project.

The image sensor of the iPhone is expected to have a three-stack design for better low-light performance and a higher density of pixels with multiple layers stacked vertically. This results in less power consumption, a dynamic range that’s higher, and faster speeds for readouts.

It’s believed that the new sensor will be made for the upcoming iPhone 18 in 2027. Apple and Samsung have reportedly arrived at a deal where Samsung will be supplying the component for the sensor. This marks the first occasion Apple will be going with another company apart from Sony as their main supplier for image sensors for its iPhones.

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Austin, TX

Arch Manning Shares Why He Is Staying With Texas

Published

6 days ago

December 28, 2025

Press Room

Arch Manning Shares Why He Is Staying With Texas

Texas football has lost its fair share of players to the NFL draft and transfer portal over the past few weeks, dwindling the roster. Despite the loss of a few big names such as linebacker Anthony Hill Jr., safety Michael Taaffe and others, the Longhorns have held onto star quarterback Arch Manning.

While it was unlikely that Manning would enter the portal, there was some hype surrounding the possibility of the first-year starter entering the NFL Draft. Why did the young star decide to forego the pros? According to Manning, his journey at Texas isn’t quite finished.

Manning Wants to Continue His Development With Texas

Nov 28, 2025; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning keeps the ball and runs for a touchdown during the second half against the Texas A&M Aggies at Darrell K Royal-Texas Memorial Stadium. Mandatory Credit: Scott Wachter-Imagn Images | Scott Wachter-Imagn Images

“I felt like I developed a lot this year, especially towards the back half, and I want to keep it going,” Manning said, according to Inside Texas’s Evan Vieth. “There’s no reason to leave. I feel like I got a lot more football left to play, and excited to still be a part of this team.”

Manning didn’t quite have the season that most fans and analysts envisioned for him, struggling at the start of the year. Despite these struggles, Manning went on to improve throughout the regular season, demonstrating why he is one of the nation’s top quarterback talents.

At the start of the season, Manning’s accuracy and timing were a bit off. The offense as a whole seemed out of sync, and Texas was not looking like the powerhouse that was promised heading into the season.

Eventually, though, Manning found his stride, and more than just improving his stats, the Longhorn quarterback looked more comfortable. Eventually, the stat sheet reflected his improvements, posting 1,625 passing yards over the last six games of the season, alongside 16 total touchdowns.

Now, returning to Texas for what will likely be his last year in college before departing for the NFL, next season should be an exciting one for the Longhorns. Not only is Manning more experienced as the team’s top quarterback, but the wide receiving core will have developed as well.

Texas wide receivers had their struggles with drops this season, but showed improvements at some points throughout the year.

Though it may be difficult to abstain from declaring for the draft, ultimately Manning made perhaps the best decision for his career and development. With another year to grow, by the time he enters the NFL, Manning will be much more experienced and likely better prepared.

Manning will have one more chance to take the field this season in the upcoming Citrus Bowl, where Texas will take on the Michigan Wolverines on December 31.

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