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Austin Home Prices Fall But Costs Rise | Texas News
Austin home prices are finally falling—down 1.4% in July after four straight years of decline, officially making it a buyer’s market. But don’t celebrate yet: the Federal Reserve’s stubborn refusal to cut interest rates keeps mortgage costs high, and locals are feeling squeezed financially. Compounding the pressure, Austin’s city council just approved a 3.5% property tax hike—the legal max—and higher utility fees, even as home values drop. So while prices may be falling, affordability remains out of reach for most, thanks to rising costs and a housing market still recovering from bubble…
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