Why did Austin home prices surge?

[David Ivy]

The Texas Real Estate Research Center has published a fantastic, data-rich article providing context and discussing the multiple factors that led to Austin's record-breaking run that peaked in May 2022, when rising mortgage rates began cooling the market. This is one of the most concise summaries I have seen to date of the market forces behind Austin's pandemic-era pricing surge. As we know, it ultimately comes down to demand for housing in Austin far exceeding the available supply. However, the article's demographic and household migration data gives some great insight into just where all that demand was coming from.

Here's a link: "Austin's Power: Why the Capital City's Home Prices Surged."