Dossier
Ryan McPherson
Coverage of Ryan McPherson in the Nexus archive.
- Austin's long, painful real estate hangover
Austin's real estate market has experienced a significant decline, with home prices dropping nearly 25% since 2022. Ryan McPherson purchased a $615,000 home but now faces selling it at a 30% loss due to oversupply, high mortgage rates, and reduced demand. The city's housing slowdown contrasts with earlier pandemic-era growth and mirrors trends in other post-pandemic hotspots.