Tech Boom, Then Layoffs, Leave Lasting Mark on Austin Housing Market

Tech Boom, Then Layoffs, Leave Lasting Mark on Austin Housing Market

The aftermath of Austin’s tech boom in the COVID-19 pandemic era, and the layoffs that followed, are still reshaping the Texas city’s housing market, according to a new report. During the COVID-19 pandemic, an influx of tech workers created an unprecedented spike in housing demand that sent sales and property values soaring, according to a report released on April 20 by Homes.com. The Austin real estate market hit its all-time peak in 2022, with…