Austin FC midfielder Daniel Pereira #6 celebrates with Matthew McConaughey after the match against DC United at Q2 Stadium in Austin in 2023.
Jacob Gonzalez/Austin FC
Eddie Wilson could tell stories about the Armadillo World Headquarters, the storied Austin music venue he founded in 1970, for hours. He’ll tell you about how “nowhere else in the world” had ever treated Charlie Daniels so good, or the “phonebook thick” contract ZZ Top made him sign, or maybe the times that names like Willie Nelson, Ray Charles, and Stevie Ray Vaughan performed there in the Seventies.
“We got one wonderful picture of Frank Zappa bending over a table with a razor blade,” Wilson recounts in his Texas twang. “‘He must’ve been doing coke.’ And I say, ‘No, look at the rest of the picture there.’ And sure enough, he got the razor blade because he’s cutting the sleeves off a T-shirt we’d just given him!”
The Armadillo was a place of convergence for the city in those days. And though it closed down in 1981, its mark on the Texas city is part of why Austin calls itself the “live music capital of the world.”
“It was a smoky little joint that had discovered what hippie music could do for beer sales,” read a Rolling Stone piece about the venue from 1971. “Hippies and rednecks were forced into the same bar: the hippies because the music was there, and the rednecks because the beer was there.”
Half a century later, a different entertainment form is celebrating the venue’s legacy: Austin FC, the city’s soccer club. On Thursday, the MLS team unveils the ‘Dillo Kit, a beige jersey with the team’s signature verde on its sleeve to honor the “creative and vibrant spirit” Armadillo World HQ left in the city.
“As a beneficiary of what was built at the Armadillo, it’s an honor to show our respect for the venue, the people who built it, and the musicians who played there,” Austin FC President Andy Loughnane tells Rolling Stone. “The spirit of camaraderie and community that came to life at Armadillo World Headquarters is very much on display today in Austin and you see it come to life at Q2 Stadium on an Austin FC matchday.”
In many ways, Austin FC is carrying on the legacy Wilson’s venue built of bringing people from all walks of life together under one roof. One particular fan by the name of Matthew McConaughey calls it the “Come as you are” rule. McConaughey wasn’t around to see the city in the ‘Dillo days but says his older brother Pat would always tell him stories about the Austin he loves.
Austin FC midfielder Daniel Pereira #6 celebrates with Matthew McConaughey after the match against DC United at Q2 Stadium in Austin in 2023.
Jacob Gonzalez/Austin FC
“You walk into a bar and there’s a hippie to your left, a sheriff to your right, a Native American on the other side of the hippie, and a guy with blue hair on the other side of the sheriff,” McConaughey, one of Austin FC’s investors, tells Rolling Stone. “Everyone’s having a drink together. And that is really the DNA of Austin: Come as you are. And that’s what happened with Armadillo World HQ.”
“AC/DC played their first American show there. Did you know that?” he adds, referring to the band’s first performance in the States, opening for Moxy in 1977. “To be laying down some elbow grease with Angus Young and the boys. At the Armadillo? That would have been an absolute neckbanger.”
Mix McConaughey’s love for the soccer team (he’s often spotted in the stands banging a massive drum) and his affinity for music (he starred in a Zach Bryan music video earlier this month), and he’s all in.
He tells the story of how he discovered one of his favorite artists in Austin. He was walking down Sixth Street with a friend during the Pecan Street Festival, live music vibrating from every corner. “Through all the muffled sounds, there was one bit of music that was cutting through all that,” McConaughey remembers. “I go up a block, I take a right, I take a left down a gravel alley past three Dumpsters, and then behind this brick wall and there was a guy on this little stage with about 32 people in front of it. James McMurtry. This guy’s a wordsmith. I grabbed his album, paid my five bucks for it, and have bought all his albums since.”
Jacob Gonzalez/Austin FC
“What you can do in Austin is follow your ears,” he adds. “Follow your ears, and you’re usually going to like what you see.”
Nearly 50 years later, Austin FC — with its drumbeat-shaken stands and soccer stars like Argentine Sebastián Driussi and Finnish player Alexander Ring on the pitch — now takes on the role of converger in the city, thanks to both the growing excitement of the sport nationally ahead of the 2026 World Cup, and Austin’s position as the fastest-growing metro area in Texas, featuring a drastically different demographic than the ‘Dillo in its years. Latinos made up only 14 percent of the city then. Now, 40 percent of ATX is Latino.
Jimmie Vaughan poses in the 2024 Secondary Kit at Photogroup Studios in Austin.
Jacob Gonzalez/Austin FC
“Austin has become a place where many people from all over the world live. And what’s the international game? Football,” McConaughey says. “If you take a snapshot of the south end of our stadium on any given night, the light and smoke, banging the drums, there’s a community where everyone is welcome. That’s a mirror image in a lot of what Armadillo was in the Seventies.”
Wilson is also expected to attend. He’ll be there with his gray bushy goatee, smiling, surrounded by some of the venue’s original posters and some of the people he employed there. The armadillo-emblazoned kit is a full-circle moment for him. Ask how he feels about the recognition and his answer is simple. “Well,” he says with a smoky chuckle, “I’m glad somebody, by God, noticed.”
To celebrate the ‘Dillo kit launch, Austin FC is hosting a party Thursday at a venue recreating what the ‘Dillo looked like in its heyday, featuring food and specialty drinks common at the venue. There’s a slated performance from the last act to ever play there: Ray Benson and his Western swing band Asleep at the Wheel. They also decorated the walls with photographs of Austinite musicians Jimmie Vaughan (Stevie Ray’s brother) and Latine, queer singer Gina Chavez in the new kit.
Austin FC kicks off its 2024 season, which airs on Apple TV’s MLS Season Pass, against Minnesota United FC on Feb. 24.
With former Venezuelan President Nicolás Maduro out of power, President Trump said he wants to reboot the oil industry in Venezuela. That idea has raised questions about whether it could cause a price spike at the gas pump and a downturn in the Texas oil patch region.
AUSTIN, Texas – With former Venezuelan President Nicolás Maduro out of power, President Trump said he wants to reboot the oil industry in Venezuela.
That idea has raised questions about whether it could cause a price spike at the gas pump and a downturn in the Texas oil patch region.
Now, a spike at the pump and a production slump in the Texas oil patch may not happen this year, but with oil prices down, a budget crunch for state lawmakers may be waiting when they return to Austin in 2027.
What they’re saying:
The situation in Venezuela is creating a lot of political uncertainty, but a Texas energy expert said he is not expecting that uncertainty to cause an oil patch crash or a gas pump pike in 2026.
Prices at the pump are low and despite some recent big swings, up and down, analysts say 2026 could see the lowest prices since the pandemic. That prediction has people like Dale Owens cautiously optimistic.
“Things change so drastically nowadays. I mean, look what’s happening with the government, so anything can affect the price. But right now I’m really happy that it’s stable,” said Owens.
There are big reasons for that local gas price stabilization, and it predates the leadership change in Venezuela, according to Ed Hirs, an Energy Fellow at the University of Houston.
“The first is that the president has asked MBS (Saudi Crown Prince Mohammed bin Salman) and OPEC nations to continue pumping a pace. Number one. Number two, this helps hamstring the Russian economy and its war effort. And that’s also one of the goals of not only the European Union, but of the Trump administration. And number three, we’ve got the midterm elections coming up,” said Hirs.
The price of a barrel of oil is expected to increase slightly because of the uncertainty regarding Venezuela. Texas crude oil production, according to an update released Monday, was stable in December, but state data also showed drilling permits for 2025 were at 369 and that’s down from 459 in 2024.
“When President Trump took office, oil was about $80 a barrel, today it’s under $60 a barrel. We are the high-cost producers in the global commodity oil market, and the cost of drilling these wells has gone up by between 5% and 12%, primarily because of Trump’s steel tariffs. Not only does the imported steel now cost a lot more, but domestic producers raise their So the producers in West Texas and across the Permian Basin are getting squeezed by much lower revenues, $20 a barrel less and much higher cost. It’s not a good capital investment for Wall Street,” said Hirs.
Dig deeper:
The oil industry remains a big part of the Texas economy and the state budget. State lawmakers will return to Austin in 2027 to crunch numbers for a new two-year budget.
“I think they need to be looking at the budget. So the state comptroller needs to be running the numbers now based on lower oil revenues, not only for state lands, for example, for the universities, but for the state tax receipts. And that applies to the counties and cities that rely on these revenues to keep their budgets balanced. It’s going to be lower for longer,” said Hirs.
There are also doubts about whether the Texas refineries will get a financial windfall if the Trump Administration is able to reboot the oil industry in Venezuela. There are about six refineries in Texas and Louisiana that can process the heavy crude that is located in Venezuela.
“Well, it might help keep them open. But Lyondell just closed down a 100-plus-year-old heavy crude refinery on the Houston Ship Channel because it just doesn’t make any sense to reinvest in it. And it was going to require $750, $800 million of new capital investment just to keep the plant operating at par,” said Hirs.
What’s next:
Stocks for several oil companies did increase on Monday. Chevron, at one point, had a 10% stock price surge, mainly because Chevron is the only U.S. company operating in Venezuela. Other energy-related companies also saw an increase, like Exxon, as well as industry suppliers like Baker-Hughes and Halliburton.
The action on Wall Street came after President Trump said he wants energy producers to pay for the oil production rebuild. Hirs described the administration’s plans as being “naive.”
Past attempts to rebuild another country’s oil infrastructure seem to back up the doubts raised by Hirs. In 1989, after the Soviet Union collapsed, companies like Exxon went in to rebuild — only to get kicked out later by the Russians. Hirs also noted the rebuilding effort in Iraq, started by President George W. Bush, hasn’t returned production there to pre-war levels. And it’s the same story for Libya, which was done under President Obama.
The Source: Information from interviews conducted by FOX 7 Austin’s Rudy Koski and previous coverage
A “for sale” sign is displayed near a home on April 24, 2025 in Austin, Texas. The Texas capital had one of the highest home turnover rates among U.S. metros between September 2024 and August 2025.
Even as the average U.S. home turnover rate remains at its lowest since the 1990s, Texas remains one of the leading states for new residents. An August 2025 study deemed Austin the biggest boomtown in the country, with significant jumps in population, housing units and gross domestic product (GDP) growth.
A new analysis by Realtor.com identified the top 10 U.S. metros with the highest real estate turnover rates in 2025 — and nearly half are found in the Lone Star State.
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But why is a high turnover rate a good thing? Hannah Jones, a senior economic research analyst at Realtor.com, breaks it down.
“Markets with higher turnover tend to function more fluidly than markets with lower turnover, with a healthier balance of active buyers and sellers,” Jones said. “The markets with the highest turnover are typically more affordable and supported by robust for-sale inventory, particularly from new construction.”
Here’s a look at the four thriving Texas cities.
Among the top 10 U.S. metros with the highest turnover were San Antonio, Dallas, Austin and Houston — but such healthy growth didn’t happen overnight.
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“Metros like San Antonio, Dallas, and Austin have seen significant building activity over the past five years, which has helped temper home price growth and expand options for buyers, ultimately encouraging more frequent home sales,” says Jones.
Here’s what local real estate professionals had to say about each city:

Daniel Cabrera, owner and founder of Sell My House Fast SA TX, attributes much of the area’s high turnover to job relocations and “equity unlocking.”
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“Corporate hiring and military rotations provide constant job openings,” he said, adding, “People in San Antonio are monetizing appreciation and resetting life logistics, not panic selling. They are selling to repay debts, relocate for their relatives, and escape the commute for more space.”
Sain Rhodes, real estate expert for Cleve Offers, also emphasized the relationship between demand and sales.
“San Antonio is a city where sellers are riding the wave of demand,” Rhodes said. “Last quarter, I personally relocated clients from high-tax states like California to San Antonio. Sellers are taking advantage of this window of opportunity and not waiting around.”

Dusk view of the skyline in Dallas, where the pandemic-era shift to remote work exacerbated already-high office vacancy rates. The same is true in other Texas metros.
Harrison Polsky, director of luxury sales at Douglas Elliman in Dallas, observed how rising home values were enticing homebuyers in DFW.
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“In Dallas-Fort Worth, we’re seeing a healthy increase in homeowners putting their properties on the market, which reflects strong buyer interest and vibrant market activity,” Polsky said. “Many people are taking advantage of rising home values to move into larger homes, upgrade to newer properties, or relocate closer to family or work.”

The Austin Skyline from the campus of the Texas School for the Deaf, Oct. 7, 2025.
Sara Diggins/Austin American-StatesmanSpeaking of rising home values and job relocation, those are also among the factors driving turnover in Austin — according to local real estate broker Noá Levy, of The Boutique Real Estate powered by eXp Realty.
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“During the [COVID-19] pandemic, Austin experienced rapid price appreciation, and many buyers moved here quickly and for many reasons,” Levy said. “In the last couple of years, political reasons, cost of living, desire to return to their previous areas, and even job relocation have been a factor in deciding to move away from Austin and Texas in general.”
Even those who bought before the pandemic maintain big equity.
“So people feel maybe now that interest rates came down a little bit, it may be the moment to take advantage of gains from the appreciation we saw from 2020 to 2022,” Levy added.

The downtown Houston skyline is photographed from Sabine Street Bridge Thursday, Oct. 6, 2022, in Houston.
Down in Houston, the factors contributing to high turnover seemed much the same, according to HoustonHomeTools.com founder Ahmed Harhara.
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“A lot of people bought homes during competitive market conditions, and now that lifestyles or budgets have changed, they’re adjusting by relocating sooner than planned,” Harhara said. “Turnover doesn’t necessarily reflect dissatisfaction; it reflects how dynamic the market has become.”
Heather Shepherd, a real estate agent at Douglas Elliman in Houston, listed off the reasons she’s repeatedly heard from those selling: rising homeowners insurance premiums and property taxes; commute fatigue; lifestyle upgrades; and new-construction pressures.
“Some older neighborhoods feel squeezed or overshadowed, and builders are starting to buy the older homes for new construction,” Shepherd said.
The following table shows the 10 metros with the highest turnover between September 2024 and August 2025.
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| Rank | Metro | Median list price |
Turnover rate (per 1,000 housing units) |
| 1 | Kansas City, Mo. | $380,000 | 45 sales |
| 2 | San Antonio | $329,000 | 45 sales |
| 3 | Indianopolis | $320,000 | 45 sales |
| 4 | Las Vegas | $471,975 | 43 sales |
| 5 | Dallas | $425,000 | 42 sales |
| 6 | Nashville, Tenn. | $536,739 | 42 sales |
| 7 | Austin | $489.859 | 42 sales |
| 8 | Charlotte, N.C. | $438,348 | 42 sales |
| 9 | Houston | $358,000 | 40 sales |
| 10 | St. Louis | $295,900 | 39 sales |
The Texas Tech football team landed its first commitment out of the transfer portal on Sunday.
Kansas State transfer linebacker Austin Romaine announced his commitment on social media. A second-team all-Big 12 selection this season, Romaine joins Texas Tech with one year of eligibility plus a redshirt year available.
The 6-foot-2, 245-pound linebacker has been a fixture in the middle of the Kansas State defense since his true freshman season of 2023 — when he earned five starts and was named Big 12 defensive freshman of the year, an award he shared with his new teammate Ben Roberts. He started all 12 games in 2024 and had 66 tackles, six quarterback hurries, an interception and a fumble recovery in 2025.
Romaine will likely be seen as Jacob Rodriguez’s replacement as the other starting linebacker next to Roberts next season. It would also indicate John Curry will remain at the STAR (the hybrid linebacker-safety position) in which he excelled this season.
For his career, Romaine has three forced fumbles (all in 2024) and had his first career fumble recovery and interception in 2025.
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