Report: Austin losing homebuyers to other cities for 1st time on record

[Paul Sedillo]

I came across this article today that talks about the shift in the Austin housing market and wanted to pass it along:

Report: Austin losing homebuyers to other cities for 1st time on record

[Jack Deer]

"... because now locals or even people who moved in during the pandemic, are realizing that it’s too expensive to live there,”
Why would that be? Because they paid more into it than it's worth?
I don't know how this will all end, but it won't be as rosy as everyone thought it would be.