Click here for the KXAN Article on; "Is Austin Texas Housing Bubble about to Burst? 6.2.2022 BOOMTOWN Is Austin's housing bubble bursting soon? One Texas real estate data analytics firm predicts it could happen in three years. Author: Daranesha Herron (KVUE) Published: 10:27 PM CDT May 30, 2022 Updated: 11:57 AM CDT May 31, 2022 AUSTIN, Texas — As Austin's median home price hit $640,000 in April , a Texas data analytics firm is predicting Austin's housing bubble will pop in three years. What goes up must come down, and hopefully, that saying applies to Austin's soaring home prices. "Austin is arguably in the largest housing bubble in America based on the fundamental data," said Reventure Consulting CEO Nicholas Gerli. Gerli said when Austin's housing market bubble pops, the city could see the country's largest decline in home prices. He said historically, it takes about five years for a market to crash, but he predicts a 30% to 40% ...
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