https://www.msn.com/en-us/money/realestate/the-affordability-economy-has-created-a-housing-market-nobody-predicted-prices-collapsing-in-the-sun-belt-soaring-in-the-rust-belt/ar-AA20DpSr
"U.S. housing is experiencing a historic "reversion to the mean." In other words, the formerly sizzling metros have gone cold, and the unsexy plodders are back in vogue."
So don't sell just yet and move to AZ Brad
Austin's falling rents offer rare good news about housing affordability in America | Vox
https://www.vox.com/future-perfect/485295/austin-national-rents-declining-yimby
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Gem:
Austin home prices have experienced a significant correction, with values falling over 20% from their 2022 peak by early 2026, marking one of the steepest declines in the US. The median price dropped to roughly $500-520 thousand
by March 2026, driven by a reverse in pandemic-era migration, high inventory, and overvaluation
Key Aspects of the Austin Housing Correction
Peak to Present: Prices dropped by over 20% by early 2026, making it the most severe housing correction among major US cities.
Price Drop Example: Homes once listed at
have sold closer to
.
Market Slowdown: Homes now sit on the market for an average of 91 days, the highest in 15 years, shifting it to one of the slowest markets in the country.
Migration Reversal: A major factor in the decline is the reduction in people moving to Austin, with migration dropping to its lowest level in 2024.
Risk to Buyers: Approximately 47.5% of homes purchased after July 2022 are at risk of selling at a loss.
As of early 2026, the, rapid price decline has largely stabilized, though the market has not seen a significant rebound.
Sources: Youtube, Instagram, TikTok vids
>> driven by a reverse in pandemic-era migration
Yes, but they are also building like mad. In the 1.5 years we've been visiting my BIL in Austin, they have added hundreds of houses just in his neighborhood. It's incredible. A street will have no houses and you come back three months later and it has 25 houses. Street after street.
Of course, 98% of the labor was speaking Spanish and playing salsa. I saw an interview with an Austin contractor who said everything came to a screeching halt when ICE started showing up at job sites.
Another factor in the mix is a trend for "snowbird" Canadians with second homes to put their houses or condos up for sale.
Winter in the Sun Belt is less attractive these days ...
> AZ
I don't care if it's dry heat, some of the temps they have been getting in the SW this last year will fry your brain-pan. I don't think I'd move there but it would be nice to visit, same for Austin.
>Austin's falling rents
Everywhere I look, a new luxury apartment building has sprung out of the ground. Just in time for mass tech layoffs.