Goldman Sachs is Predicting a RE Crash in Austin—Not so Fast

Investment banking firm, Goldman Sachs, says Austin is one of four cities that will suffer a 2008-like crash in home values. Phoenix, San Diego and San Jose are the other three. If you ask Austin-ites, don’t count on it.

Austin Board of Realtors Taylor Smith explains, “The low-interest rates that we saw over the past few years during COVID certainly created a market that was not the norm. What we’re seeing here now is we’re returning to a more normal market. It still does favor sellers here in Central Texas.”

Although we’re getting back to a more normal market, the Austin Board of Realtors says we still do not have enough houses in Central Texas for those who want to buy one. “We’re not talking about putting high rises everywhere, we’re talking about that missing middle so that everybody can still live in the community that they want to live at a price range that they can afford.”