The Steepest House-Price Fall of Any Big American City
Austin led every major American metro into the correction, and it is leading the way down.
Photo: Alena Darmel / Pexels
The Gigafactory perimeter at Del Valle. The arrivals of 2020–22 are the numerator; everything in this section is the denominator.
Photo: Guillermo Berlin / Pexels
Nine pieces on what arrived between 2020 and 2022 and what happened to it since — prices, rents, offices, jobs and the apartments that kept completing.
8 pieces in this section · every one with its own photograph
Austin led every major American metro into the correction, and it is leading the way down.
Photo: Alena Darmel / Pexels

Tesla's Del Valle plant arrived with acreage, incentives, and an employment promise — and the land market east of the airport moved before the ribbon was cut.

A headquarters relocation that remade Austin's skyline story without necessarily remaking its job numbers.

A $1 billion expansion Apple announced in 2018 became the most visible corporate bet on Austin's decade of growth — and arrived just before the correction.

Samsung's semiconductor plant in Williamson County is one of the largest manufacturing investments in American history — and the deal that landed it is now a closed chapter in Texas law.

The cranes stayed up. The tenants did not arrive.

Austin built more apartments per resident than almost any major American city. The supply eventually caught up with the demand — and then some.

Tech's share of Austin's metro payroll peaked in the boom, then gave back ground steadily — the WARN notice record and Chamber data together trace the shape of the retreat.