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The Nexus
BUSINESSAug 5 · 08:24 UTCBUSINESS INSIDERJames Rodriguez ([email protected])

Austin's long, painful real estate hangover

Austin's real estate market has experienced a significant decline, with home prices dropping nearly 25% since 2022. Ryan McPherson purchased a $615,000 home but now faces selling it at a 30% loss due to oversupply, high mortgage rates, and reduced demand. The city's housing slowdown contrasts with earlier pandemic-era growth and mirrors trends in other post-pandemic hotspots.

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Mentioned
Ryan McPhersonpersonAustinplaceRealtor.comorganizationPhoenixplaceJoel Bernerpersonreal estate markettopicmortgage ratestopicEaston Parkplace
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