Hacker News Reader

> In every comparable city in the country, housing prices are up. In Austin, they are down.

Now compare the population. Travis County population (sans Austin) went up, so the prices are also up. And Travis County actually has _more_ new units than Austin proper.

The driver for the price decreases in Austin is the population drop, not the new construction.

View on HN

Population dropped 2019-2020, but population has increased each year since 2020, both in Austin proper and austin greater metro area. Housing prices increased until about 2022 when they started dropping, and (along with rent) have been trending downwards since.

If your point is, "construction has to outstrip population increase in order to decrease prices", then well, yeah, we agree fully.

If your point is that huge amounts of new units going on the market in Austin does not have a significant impact on prices, I don't think that's supported by any evidence or makes any sense.

Reply on news.ycombinator.com