Will The Austin Housing Market Crash?

One of the more unique things about Texas and the Texas housing market is that, back during the great housing bubble and crash of the late-2000s, much of the Lone Star State was spared the worst effects. This was largely due to the fact that Texas home lenders had retained more traditional, conservative lending standards; meanwhile, in so much of the rest of the United States, banks and non-bank lenders had jumped head-first into the lending frenzy of that era.

Nearly two decades later, however, it appears that several major cities in Texas — especially Austin —have been experiencing furious growth in home construction, homebuying activity, and just the rollercoaster ride that the pandemic dealt U.S. housing markets. With the series of rate hikes beginning in 2022, however, both the longer-term effects of an influx of new residents to Texas and the shorter-term effects of the pandemic-induced flurry in housing market activity have slowed significantly. Now, a common question on people’s minds is: Will the Austin housing market crash?