Housing costs throughout Texas stay very excessive, even because the Federal Reserve has elevated rates of interest for debtors.
A brand new evaluation from Florida Atlantic College exhibits the Austin housing market is sort of 68% above the historic development line. A current Axios headline put it starkly: How a lot are homebuyers in Austin overpaying?
Reporter Asher Value has been keeping track of dwelling gross sales in different Texas markets too. He spoke with Texas Normal about how the pandemic has elevated housing costs and what it means for Texans shopping for houses now. Pay attention within the audio participant above or learn the transcript under.
This transcript has been edited calmly for readability:
Texas Normal: The very first thing readers see once they click on in your story is that this graph of “precise” vs. “modeled” dwelling costs in Austin. What’s that?
Asher Value: Mainly, for those who’re shopping for a home now in Austin, you’re paying much more than historic development traces would have forecasted. You’re paying mainly 70% greater than historic costs would have prompt. And also you’re seeing large variations in San Antonio, Dallas, Fort Price, Houston, as effectively.
Once you say “large variations,” you imply large variations as in comparison with the projected costs?
Precisely. That’s proper. I believe in San Antonio and Houston, you’re paying 30% greater than what historic pricing would have prompt could be the case. And in DFW, it’s about 50% extra.
Given the present state of markets post-pandemic, how a lot is historical past actually a dependable information?
Yeah, I believe you’ll be able to mainly put historical past within the trash can proper now due to forces which might be at work that will not have been in play 5, 10, 15 years in the past, partly due to the disruption of the pandemic, which has modified the way in which individuals wish to reside and the place they wish to reside. And due to technological change, we are able to now work remotely.
In order that signifies that individuals who would have been confined to the coasts, to New York Metropolis, to San Francisco, to L.A., can now purchase a house in Austin, TX or Houston or wherever. In order that’s simply type of modified the entire calculus for dwelling shopping for. It’s modified who the house consumers are as a result of you might have individuals who could also be used to dearer property on the coasts, who may need deeper pockets, who at the moment are coming into these Texas cities and spending.
What are the specialists saying in regards to the dangers for folk shopping for proper now?
People who find themselves shopping for proper now are a little bit uncovered due to the upper rates of interest. The market might cool a little bit bit. Nevertheless, in housing parlance, the availability is inelastic. Meaning you’ll be able to’t construct homes very quick. It takes time. And naturally, with large provide chain points occurring globally, it takes even longer.
There are some underlying issues that may maintain the housing market fairly robust all through Texas, simply involving easy provide and demand. However specialists say that we must always begin seeing housing costs stagnate, if not fall a little bit bit.
I believe for those who purchased your own home in the previous few years, no matter whether or not individuals say you overpaid or underpaid, you’re in all probability fairly relieved to have purchased your own home. So for those who’re trying to get into the housing market now and flip a home within the subsequent yr or two, simply because housing costs have been capturing up over the past two years doesn’t imply that they’ll shoot up over the subsequent yr or two.
FOX 7 Austin’s Dennis de la Pena and producer Julian Martinez talk about the College Football Playoff semifinal matchup between the Texas Longhorns and the Ohio State Buckeyes!
ARLINGTON, Texas – The Texas Longhorns and Ohio State Buckeyes will face off in Arlington, Texas on Friday in the College Football Playoff semifinal.
The winner of the game between Texas (13-2) and Ohio State (12-2) will go on to play Notre Dame in the national championship.
Neither quarterback in this game is a stranger to playing in Arlington.
Ohio State quarterback Will Howard and Ewers both won Big 12 championships the last time they played at AT&T Stadium.
Texas won the Big 12 in its last season in the conference last year. Howard transferred to Ohio State from Kansas State. He led the Wildcats to a Big 12 championship win over then-undefeated TCU two years ago.
The best matchup of the game could be Texas All-American senior cornerback Jahdae Barron vs. standout Buckeyes freshman receiver Jeremiah Smith. Barron won the Thorpe Award, which is given to the nation’s top defensive back. But Barron gives up four inches and 15 pounds to Smith, the second-team All-American who may be the most electric freshman in the country. Smith has 70 receptions for 1,224 yards and 14 touchdowns. Smith has four touchdowns in these playoffs.
Predictions are made by the Data Skrive betting model.
FOX Sports Analyst Joel Klatt went with Ohio State in his prediction for the Cotton Bowl. Klatt says the Buckeyes are playing the best football in the country right now and the fact that the game is being played in Texas is keeping the line (Texas +6) lower than it should be.
The winner of the Longhorns and Buckeyes game will take on Notre Dame in the championship game.
The game will be held at Mercedes-Benz Stadium in Atlanta, where the Longhorns played in the SEC Championship and against Arizona State in the College football playoff.
The Source: Information in this article comes from the College Football Playoff, the Associated Press and FOX Sports.
TEXAS — The 89th Texas Legislature will start on Jan. 14 with 181 lawmakers.
The House of Representatives’ organization will be managed by Texas Secretary of State Jane Nelson, who will also select temporary officers. The Secretary leads until a Speaker of the House is elected.
Secretary Nelson announced that Walter Fisher and Sharon Carter were appointed as parliamentarians for the House’s session inauguration.
“This is a duo with extensive parliamentary knowledge and the experience to guide the opening of the 89th Legislative Session,” said Secretary Nelson. “With the support of these individuals, we will make sure the organizing of the House is a fair, transparent and orderly process.”
The 150 members of the Texas House of Representatives and the 31 members of the Texas Senate will be sworn in as the 89th Legislature on Tuesday. The legislature will meet until June 2.
You are able to watch the Senate proceedings on opening day at this website.
This story is part of the KXAN Data Hub, where numbers help tell the whole story.
We’ve created several data-driven stories and databases on topics including weather and climate, politics, education, sports and growth in Texas. Each story in the KXAN Data Hub is updated as new data becomes available.
AUSTIN (KXAN) — KXAN is keeping track of the number of homicides in Austin.
As of Jan. 9, two homicides have been reported thus far in 2025.
Last year, 70 homicides were reported, down from 75 in 2023 and 71 in 2022. A record 88 homicides were reported in 2021.
The charts below will be updated as we learn new information. Scroll down for a map of where each homicide occurred.
The chart below shows how the number of homicides reported in recent years changed through the year.
Below is a map showing where homicides occurred in 2025. The map is interactive, so clicking on or hovering over a dot will reveal information about that incident. You can also click on a month in the top left to show only homicides that occurred during that month.
The chart below shows the number of homicides reported each month in 2025.
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