{"id":15190,"date":"2023-11-08T19:11:09","date_gmt":"2023-11-08T19:11:09","guid":{"rendered":"https:\/\/www.austinshortfilm.com\/blog\/austin-losing-homebuyers-to-other-cities\/"},"modified":"2023-11-08T19:11:09","modified_gmt":"2023-11-08T19:11:09","slug":"austin-losing-homebuyers-to-other-cities","status":"publish","type":"post","link":"https:\/\/www.austinshortfilm.com\/politics\/austin-losing-homebuyers-to-other-cities\/","title":{"rendered":"Austin losing homebuyers to other cities"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/YyvBaxx8wwY\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Statistics prove that Austin&#8217;s once red hot housing market is now beginning to cool post pandemic.<\/p>\n<p>Read more: https:\/\/www.kvue.com\/article\/money\/economy\/boomtown-2040\/austin-losing-homebuyers-other-cities\/269-8bc7488e-1fcd-4641-b940-37599946666c<\/p>\n<p>Subscribe to our channel: https:\/\/www.youtube.com\/c\/kvuetv?sub_confirmation=1<\/p>\n<p>You&#8217;re joining us on the official YouTube channel for KVUE News in Austin, Texas. Here you will find livestreams, full interviews, KVUE Defenders specials and news videos from our award-winning team of journalists working across our newscasts \u2013 Daybreak, Midday and KVUE News at 5, 6 and 10. <\/p>\n<p>Remember KVUE+ is always streaming on Roku, Apple TV or Fire TV!<\/p>\n<p>* Sign up for the KVUE newsletter: https:\/\/www.kvue.com\/email<br \/>\n* Follow KVUE on Facebook: https:\/\/www.facebook.com\/KVUEinsider\/<br \/>\n* Follow KVUE on Twitter: https:\/\/twitter.com\/KVUE<br \/>\n* Follow KVUE on Instagram: https:\/\/www.instagram.com\/kvuenews <\/p>\n<p>For news tips and contact info please visit: https:\/\/www.kvue.com\/contact-us<\/p>\n<h3>More info on Austin losing homebuyers to other cities<\/h3>\n<div class=\"ss-local-rss\"><div class=\"rss_header\"><h2><a href=\"https:\/\/cn.bing.com\/news\/search\/?q=Austin+losing+homebuyers+to+other+cities&amp;qft=sortbydate%3D%221%22&amp;format=rss\" rel=\"nofollow\" class=\"rss_title\">Austin losing homebuyers to other cities - BingNews<\/a><br \/><span class=\"rss_description\"> Search results<\/span><\/h2><\/div><ul>\n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.kut.org%2Faustin%2F2024-05-17%2Faustin-city-council-land-zoning-vote-home-phase-2&amp;c=2696908529176760889&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin cuts minimum lot size by more than a third, requiring less land to build a home\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>For the first time in 80 years, Austin's elected leaders have voted to lower the amount of space needed to build one house \u2014 down to 1,800 square feet of land.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.yahoo.com%2Fnews%2Faustin-city-council-approves-home-194209348.html&amp;c=1659678621873703251&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin City Council approves HOME Phase 2, reducing minimum lot size to build one unit\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Phase 1, which passed in December in a 9-2 vote, allowed for up to three units on many lots. Phase 2, approved Friday, will reduce the minimum lot size needed to build one housing unit in Austin from ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fcommunityimpact.com%2Faustin%2Fsouth-central-austin%2Fgovernment%2F2024%2F05%2F17%2Faustin-cuts-minimum-residential-lot-size-by-more-than-two-thirds-under-home-phase-2%2F&amp;c=9676563437866855615&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin cuts minimum residential lot size by more than two-thirds under HOME Phase 2\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Several also said the changes would reverse some aspects of Austin's historic segregationist zoning. Some supporters pointed to other Texas cities with smaller lot sizes and lower average home prices ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.bizjournals.com%2Faustin%2Fnews%2F2024%2F05%2F14%2Faustin-home-prices-rise-home-buyer-options.html&amp;c=8693788358208482801&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin home prices rise, but so do choices for buyers\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>In March, Austin's median home sales price of $450,000 topped the median of $425,000 in Dallas, $330,000 in Houston and $310,000 in San Antonio. All of those markets have higher inventories \u2014 ranging ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.kxan.com%2Fnews%2Fbusiness%2Fap-business%2Fap-spending-on-home-renovations-slows-but-high-remodeling-costs-mean-little-relief-in-sight-for-buyers%2F&amp;c=13939957794472452774&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tSpending on home renovations slows, but high remodeling costs mean little relief in sight for buyers\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Home sales are one of the biggest drivers of spending, with homebuyers typically investing most heavily ... right contractor and get estimates on building materials, appliances or other needs. The ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.newsnationnow.com%2Flgbtq%2Faustin-city-council-passes-transgender-protections%2F&amp;c=14012757465229454490&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin City Council passes transgender protections\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>AUSTIN (KXAN ... re instituting are going to survive and are going to last.\u201d The city will also significantly limit its involvement in investigations that might arise in other communities or states ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.mystateline.com%2Fnews%2Faustin-city-council-passes-transgender-protections%2F&amp;c=11583334496009621930&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAustin City Council passes transgender protections\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>AUSTIN (KXAN ... survive and are going to last.\u201d The city will also significantly limit its involvement in investigations that might arise in other communities or states into alleged ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Ftimesofindia.indiatimes.com%2Fcity%2Fbhubaneswar%2Fhomebuyers-protest-over-8-year-delay-in-flats-handover%2Farticleshow%2F109741892.cms&amp;c=15865348295655547080&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tHomebuyers protest over \u20188-yr delay\u2019 in flats\u2019 handover\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Bhubaneswar: Homebuyers of the Dhauli Heights project in Tamando here protested outside the entrance on Tuesday over the delay in handover of their units. The project, which began in 2013 ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.fox6now.com%2Fmoney%2Fhow-much-americans-spend-mortgages&amp;c=4097649410530463947&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tMany Americans spend more than 30 percent of their take-home pay on a mortgage: survey\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>For many homebuyers, already squeezed by rising prices in other areas of spending, the combination of high home prices and borrowing costs has rendered housing unaffordable. The survey said those ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.texasmonthly.com%2Fnews-politics%2Ftexas-lawns-water-conservation%2F&amp;c=18396214197505767741&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tTexas Developers Love Big Thirsty Lawns. That\u2019s a Huge Problem for the State\u2019s Water Supply.\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Conservation officials in big cities such as Austin and San Antonio ... supply and demand\u2014are developers merely giving new homebuyers what they want, or are they just responding to consumer ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.scmp.com%2Fbusiness%2Fchina-business%2Farticle%2F3260694%2Fchengdu-becomes-latest-major-chinese-city-unveil-housing-market-support-measures-scraps-home&amp;c=2340547345017458492&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tChengdu becomes latest major Chinese city to unveil housing market support measures, scraps home purchase qualifications\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>The city of Chengdu in southwest China has unveiled a package of measures to bolster its property market. These measures range from the removal of restrictions on homebuyers to support for the ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=66493ce93ddb49b4af5ae458308a3540&amp;url=https%3A%2F%2Fwww.kshb.com%2Fnews%2Flocal-news%2Fkansas-city-homebuyers-turn-to-new-builds&amp;c=9625355705840820782&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tKansas City homebuyers turn to new builds\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>In a time of steady interest rates, around 7%, and low housing inventory across the nation, some potential homebuyers are looking ... and then you have to work with cities and municipalities ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            <\/ul> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Statistics prove that Austin&#8217;s once red hot housing market is now beginning to cool post pandemic. Read more: https:\/\/www.kvue.com\/article\/money\/economy\/boomtown-2040\/austin-losing-homebuyers-other-cities\/269-8bc7488e-1fcd-4641-b940-37599946666c Subscribe to our channel: https:\/\/www.youtube.com\/c\/kvuetv?sub_confirmation=1 You&#8217;re joining us on the official YouTube channel for KVUE News in Austin, Texas. Here you will find livestreams, full interviews, KVUE Defenders specials and news videos from our award-winning team [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[7],"tags":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.austinshortfilm.com\/wp-content\/uploads\/2023\/11\/YyvBaxx8wwY.jpg","_links":{"self":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/15190"}],"collection":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/comments?post=15190"}],"version-history":[{"count":0,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/15190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media\/15191"}],"wp:attachment":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media?parent=15190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/categories?post=15190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/tags?post=15190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}