Austin home prices: How did they get so high? Can we get them back down?

AUSTIN (Austin Business Journal) — To many, a $250,000 home in Austin seems like a relic, given the meteoric rise of home prices since the start of the pandemic. To others, the price point isn’t so far out of reach — all we need to do, they say, is change the way we think about homebuilding.In January 2016, the median home price in the Austin metro was just under $255,000, according to data from the Austin Board of Realtors. It’s nearly doubled since then, reaching $499,9