The housing market in the city of Austin, Texas, has become the focus of widespread concerns after home prices have dropped faster than anywhere else in the country, including the troubled San Francisco.
According to the Zillow Home Value Index, home prices in Austin have fallen by more than 10 percent between July 2022 and April 2023, while on a national level home prices declined by about 1 percent. The Texas city saw the biggest decline in the entire country, followed by San Francisco with a drop of 10 percent, Bend, Oregon, with a fall of 9.5 percent and Boise with a decrease of 9.3 percent.
What is happening in Austin is something that housing market analysts predicted last summer.
Read more at Newsweek.com
What Are Your Thoughts?
