The Austin housing market keeps setting records. Here’s why.
The Austin area’s housing market is a story that just won’t quit.
If you’ve been following the American-Statesman’s coverage — or trying to buy a home — you’re familiar with the factors that have turned the area into an extreme sellers market: Swift population growth, including high-wage workers who are moving to the area with the ability to outbid many local buyers, and builders unable to keep up with demand for new housing.
The result has been a market where demand is far outpacing supply, which has sent housing prices to record levels. There are starting to be signs that things could slow down a bit — rising mortgage interest rates and home prices reaching a point where many buyers are being priced out of the market — but housing analysts say even a slightly cooler Austin market is still pretty darn hot.
Here’s a collection of the American-Statesman’s reporting into the factors that are shaping the Austin-area housing market. And as always, turn to statesman.com for new stories.
Soaring prices and appraisal values
Angst over appraised values:Travis County headed for record number of property value protests this year
Record numbers from appraisal district:Travis County median home value jumps to $632,000 — a $200,000 increase over 2021
Median prices:Median home price soars past $520,000 in Austin area’s tight housing market
No tipping point yet:No tipping point yet for Austin housing market, as home prices keep rising
Some headwinds coming?
Rising mortgage rates:Could rising mortgage rates cool down Austin’s red-hot housing market?
Price surge slowing? Austin home prices to keep rising in 2022, but at a slower pace, experts say
Rising rents:Soaring rents, surging demand make for ‘unprecedented’ times in Austin’s apartment market
More rooftops on the way
Growth to the north:More than 1,000 new homes planned for Williamson County development
Growth to the south:3,000-acre Caldwell County project calls for thousands of new homes in master-planned community
At odds over housing details:Austin gives initial OK to project at former Statesman site, but still at odds over housing
700 new homes:Builders plan 700 new homes in two Austin-area developments
A tower-building boom
Tallest of all:A planned 74-story tower would be the tallest in Austin — and maybe the tallest in Texa
Apartments, retail:58-story tower the latest addition to Austin’s downtown building boom
Office tower on the way:Work set to start on 48-story downtown Austin office tower
And another one:A 43-story office project planned for P.F. Chang’s site in downtown Austin