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☆ How Austin, Texas Cut Home Prices, Built Houses, and Stopped a Crisis
▼ + stars: | 2024-09-25 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

But as other pandemic Zoomtowns continue to see increases in prices and rents, Austin stands alone in its change of fortune. Housing in Austin has been through so many extreme distortions that nobody really knows what "normal" even means anymore. All told, Austin's housing stock has ballooned by more than 76,000 units since 2020, an 8.34% increase that includes single-family homes, condos, and townhomes. Considering the size of the Austin market, moving the stock of homes by nearly 10% is a colossal feat. Related storiesNobody watching the Austin market should be having flashbacks to the Great Recession.

Persons: Austin, homebuyers, homebuilders, Zillow, Elon Musk, Joe Rogan, Homebuyers, Keith Hughes, I'd, That's, Jason Lewris, Lewris, Doreen Sidney, Austin wasn't, Austin's homebuilders, Freddie, Sean Kelly, Rand, Freddie Mac, Jenny Schuetz, homebuilding, Kelly, he's Organizations: Austin, Oracle, Facebook, Google, Elon, Census, Parcl Labs, Federal Reserve, San Antonio —, Austin ., Freddie Mac, Brookings Institution Locations: California, Austin, Real, Texas, Francisco, San Francisco, San Antonio, Boston

☆ Does ambition die in Austin? These tech workers don't think so.
▼ + stars: | 2023-10-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementAn aerial view of a Union Pacific train entering downtown on April 21, 2023 in Austin, Texas. "Now it seems like there's a ton of really, really impressive people," Entwistle told Insider in July. Austinites still feel connected to the tech scene, but aren't ruled by it. AdvertisementAdvertisement"One of the things that we were so grateful for is access to outdoor activities," she told Insider. "Austin was one of the last places towards the end of my time traveling around that I had visited," he told Insider.

Persons: —, Brandon Bell, Hailey Eustace, Evan Baehr, Austin, Alicia Teagle, Austin —, Teagle, it's, John Andrew Entwistle, John Andrew Entwistle John Andrew Entwistle, talent's, Entwistle, Eustace, Austinites, aren't, San Francisco who've, Austin wasn't oversold, White, Sarah Hollingsworth, Robert Johnson, Robert Johnson Robert Johnson Organizations: Service, Austin Chamber, Union Pacific, Health, Learn, Apple, Google, Austin, Austin —, Lone Star State Locations: Austin, San Francisco, New York, Texas, Austin ., Austin , Texas, Francisco, Germany, Miami, Savannah, New York City, San Antonio, Lake Austin

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