Austin, TX
Joe Rogan’s Texas house value drops 20% in Austin housing market downturn
What’s New
Joe Rogan’s Texas home has dropped a whopping 20 percent in value as the Austin housing market experiences a rapid downturn.
Rogan originally purchased the home for $14.4 million in 2020, right when Austin was gaining ground as one of the top pandemic era housing markets.
Why It Matters
Many Americans fled to Austin from high-cost areas in New York and California while looking for lower home prices and cost of living. And in the age of remote work and coronavirus shutdowns, many also moved to be in a place with Texas’ minimal social distancing restrictions.
Carmen Mandato/Getty Images
What To Know
Rogan originally moved from California to the Austin property in 2020 after securing a $100 million deal with Spotify.
But now, just four years later, Redfin values the home at just $10.8 million.
Rogan’s home has eight bedrooms and nearly 11,000 square feet. It also boasts a lakeside view, but even the most luxurious estates aren’t immune from Austin’s real estate market changes.
In November, data showed Austin home listings were over 10,000, compared to just 7,000 during the pandemic.
Texas has long been on a population upswing, growing by more than 9 million residents between 2000 and 2022. And the pandemic saw an even larger boost in new people seeking out the state’s job market, warm weather and cheap cost of living.
In 2022 alone, the Lone Star State’s population climbed by 470,708 people, according to the U.S. Census Bureau.
Initially, when so many people moved in the pandemic, house prices skyrocketed upwards, as the market was not able to keep up with the surge in demand.
To fix that, Texas home suppliers quickly ramped up construction, but now the housing market is experiencing the opposite problem—too much supply and too little demand, causing prices to trend down.
Still, Austin’s home prices are up 6.8 percent year over year, according to Redfin. That brought a median sale price of $550,000 in November.
What People Are Saying
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek:
“Austin was one of the hottest real estate markets in the country before the pandemic, and relocating during that stretch of time only increased demand in a city that had fewer statewide health-related restrictions than its contemporaries did. With the pandemic over and remote work becoming for many jobs a thing of the past, there’s less demand, which is incredibly problematic for a city that had been ramping up in creating more housing units to meet a surging market.”
“Texas housing supply has spiked to [its] highest level since at least 2017,” Nick Gerli, CEO of real estate data platform Reventure App, wrote on X, formerly Twitter. “Active listings are up 25 percent YoY, and a massive 263 percent from the pandemic low. Texas is no longer in an inventory shortage. And is now oversupplied.”
“2020-21 was near the peak of the real estate market in many parts of the country,” title and escrow expert Alan Chang told Newsweek. “During this time, there was so much competition for desirable properties that valuations were increasing at an unsustainable rate. It’s normal for many markets to see some leveling or more substantial corrections after that historic time period.”
“Rising interest rates are the main culprit behind lower housing values,” Kevin Thompson, a finance expert and the founder and CEO of 9i Capital Group, told Newsweek. “Housing prices surged after the pandemic as inflation rose, creating a disconnect between prices and underlying fundamentals. Now, prices are correcting downward, moving back toward equilibrium.”
What’s Next
As Austin sees a surge in new homes becoming available, there will inevitably be less demand in the once thriving housing market.
“It’s a difficult spot to be in, and even homes owned by some of Austin’s wealthiest residents are finding their property down substantially in value from where it was a few short years ago,” Beene said.
Chang said 2025 will likely bring more price correction in the Austin market after the rapid increase seen in the last few years.
“Real estate should be a long-term investment and not a short-term roller coaster that we experienced in the recent past,” Chang said.
Austin, TX
Texas law age-restricting app stores blocked by federal judge
08 January 2019, Hessen, Rüsselsheim: ILLUSTRATION – The App Store (M) logo can be seen on the screen of an iPhone. Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)
A federal judge has blocked a Texas law aimed at keeping minors from using app stores without an adult’s consent.
The decision is a win for major developers of app stores represented in the federal lawsuit, including Apple, Google and Amazon.
Texas app store law blocked
What we know:
Senate Bill 2420 would have gone into effect on Jan. 1, requiring anyone under the age of 18 in Texas to get parental consent to download an app or make an in-app purchase.
U.S. District Judge Robert Pitman in Austin issued a preliminary injunction against the law, saying it likely violates the First Amendment.
The case against the law, known as the App Store Accountability Act, was brought by Computer & Communications Industry Association (CCIA) on behalf of operators of app stores (like Google, Apple, and Amazon) and developers of mobile apps (like YouTube, Audible, Apple TV, IMDB, and Goodreads).
What’s next:
The law can not go into effect as litigation proceeds.
Texas AG Ken Paxton is the sole defendant in the case, and is enjoined from enforcing or allowing enforcement of the law during that time.
Texas lawsuit over SB 2420
The backstory:
Attorneys for the CCIA argued the law violates First Amendment free speech rights. Before the Austin court hearing last week, CCIA Senior VP Stephanie Joyce issued the following statement:
“We shall show the judge that this law is unconstitutional and should not take effect. This law is grossly overbroad, involves forced-speech mandates, and is not remotely tailored to its stated purpose. It is a deeply flawed statute that the Court should block under the First Amendment.”
Other cell phone restrictions
Dig deeper:
Australia recently passed a total social media ban for people under age 16. Texas attempted a similar law with House Bill 18, which was enjoined prior to SB 2420.
A recent report about a school in Kentucky with a cellphone ban quoted administrators about an unexpected benefit. They claim a 61 percent increase in books being checked out from its library since the ban started.
In that Kentucky report, 38 percent of their disciplinary issues involved violating the cellphone ban. The administrators said they hope that number will drop after students come back from the holiday break. It’s too early to tell if that kind of data will be collected as part of the TEA review.
The Source: Information in this article came from a federal court filing and previous FOX Local coverage.
Austin, TX
Texas camps add flood sirens after Camp Mystic tragedy
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Austin, TX
3,000 Waymos recalled after several close calls with Austin ISD students
TEXAS — The self-driving taxi known as Waymo is taking a break in Austin.
Since the beginning of the 2025-2026 school year, Austin Independent School District (AISD) has recorded at least 20 stop-arm violations committed by the autonomous vehicles.
Cameras installed on school buses through the district’s Stop-Arm Camera Program show Waymo vehicles passing buses when they brake and have their stop arm extended. In some instances, the self-driving vehicles come close to hitting students getting off the bus.
“There’s not a similar pattern,” said Travis Pickford, assistant chief of the Austin ISD Police Department. “There’s not consistency there, other than the Waymo’s are consistently passing our buses.”
Pickford said despite Waymo operating in Austin for years, the district only found out about the stop-arm violations this year when they switched to a new vendor for the Stop-Arm Camera Program.
AISD and Waymo have gone back and forth on this issue, with AISD notifying the company of the violations and the district’s demands for a software update. Waymo replied in November, saying its vehicles have been updated.
Nonetheless, there were more violations cited by AISD, totaling at least 20 violations as of Nov. 20. And the issue, according to Pickford, is not exclusive to AISD.
“Eanes, Pflugerville, Leander, Round Rock, Del Valle, just to name those five,” he said. “I can only assume that if we’re seeing violations on our buses, it’s entirely possible that violations are occurring in those districts as well.”
“It’s our position and our belief that they need to stop operating while our school buses are out on the roadway,” Pickford said.
Because of the violations, Waymo voluntarily recalled more than 3,000 vehicles in its fleet.
Mauricio Peña, Waymo’s chief safety officer, said:
“While we are incredibly proud of our strong safety record showing Waymo experiences twelve times fewer injury crashes involving pedestrians than human drivers, holding the highest safety standards means recognizing when our behavior should be better.
“As a result, we have made the decision to file a voluntary software recall with NHTSA related to appropriately slowing and stopping in these scenarios. We will continue analyzing our vehicles’ performance and making necessary fixes as part of our commitment to continuous improvement.”
The recall report from the National Highway Traffic Safety Administration (NHTSA) also cites the stop arm violations are cause for the recall, stating:
“Prior to the affected Waymo ADS [automated driving system] receiving the remedy described in this report, in certain circumstances, Waymo vehicles that were stopped or stopping for a school bus with its red lights flashing and/or the stop arm extended would proceed again before the school bus had deactivated its flashing lights and/or retracted its stop arm.”
As Waymo plans to expand operations into San Antonio and Dallas, Pickford urged the company to ensure all vehicles are following the law before putting more students in the state in harm’s way.
“[People need to] be a voice and be a part of whatever safety working group is coming together to discuss Waymo or any autonomous vehicle operation in their area,” Pickford said.
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