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Austin real estate economist says market normalizing, but affordability still distant

Published Tue, 05 Nov 2024 08:09:37 GMT

AUSTIN (KXAN) — As 2023 closes, the Austin Board of Realtors offered its thoughts on the next year in the city's housing market. ABoR Economist Clare Losey spoke with KXAN about her review of 2023 and predictions for 2024. Previous: What’s next for the Austin housing market heading to fall 2023 2023 in reviewThe last year in the Austin Metro was a continuation of local trends that began in 2020, Losey said — rapid growth and evolution, along with an "unsustainable" growth in home prices."Over the past year and a half or so now, as mortgage rates have inched higher, that initial wave of demand for homeownership during the COVID-19 pandemic has trickled off. We've seen that the housing market, especially here in Austin, has normalized to a certain extent and reached a more sustainable level of home sales activity as well as price growth," Losey said. Related: Home prices in Austin continue to cool but have a ways to go to reach pre-pandemic levels However, affordability is still a...

3 injured after 3-vehicle crash in southwest Austin, ATCEMS says

Published Tue, 05 Nov 2024 08:09:37 GMT

AUSTIN (KXAN) — Three people were injured after a three-vehicle crash in southwest Austin on Friday, Austin-Travis County EMS said on social media.Shortly after 2 p.m., medics responded to 2900-3115 Bee Cave Road where two people were reported as pinned in their vehicle. However, medics said they were able to extricate both people.Three people were taken to St. David's South Austin Medical Center — two with critical, life-threatening injuries and one with minor injuries, medics said.Two other people were evaluated and refused EMS on the scene. No other information was available on Friday.

Realtors, economists make predictions for 2024's housing market

Published Tue, 05 Nov 2024 08:09:37 GMT

AUSTIN (KXAN) — Thursday's passage of Austin City Council's HOME initiative marks a potentially major shift in the city's housing market, but any impact of the measure will likely not be felt in 2024. Austin metro is fastest-growing in the country for 12th year in a row Zillow, the Urban Land Institute (ULI) and the Austin Board of Realtors (ABoR) each provided KXAN with their predictions for the next year in housing in Austin and Central Texas.Zillow: Optimism for 2024, AI comingZillow Senior Economist Orphe Divounguy talks about the indicators he said will make 2024 a good year for housing. Also, the company makes six big predictions for the home-buying process over the next year. READ MORE: Zillow’s 2024 Housing Market Predictions for Austin, Nation "Sitting on the sidelines when you have the opportunity is probably not the best idea," Divounguy said.ABoR: Austin's stabilization has begunABoR Economist Clare Losey indicated home prices in Austin have begun to normalize after ...

Vikings at Bengals: What to know ahead of Week 15 matchup

Published Tue, 05 Nov 2024 08:09:37 GMT

What to know when the Vikings travel to play the Cincinnati Bengals on Saturday afternoon:Vikings at BengalsWhen: 12 p.m. SaturdayWhere: Paycor StadiumTV: NFL NetworkRadio: KFANLine: Bengals – 3.0Over/Under: 40.5Keys for the Vikings— It’s on head coach Kevin O’Connell to put veteran quarterback Nick Mullens in a position to succeed in his first start. His game plan left something to be desired with journeyman Josh Dobbs running the show last week against the Raiders. The offense that O’Connell has put together thrives on rhythm and timing, and while Mullens probably has a limited ceiling given his skill set, he should be able to execute better than Dobbs given his experience in the system.— Expect defensive coordinator Brian Flores to send pressure over and over again as he tries to rattle Bengals quarterback Jake Browning. Though he has emerged as a fun story as of late, Browning is about to get his biggest test to date. How he responds could determine the outcome...

Golf: Second-round 72 leaves Frankie Capan III facing uphill climb to potential PGA Tour card

Published Tue, 05 Nov 2024 08:09:37 GMT

Entering the day at 1-under par, Harry Higgs tallied five birdies and no bogeys en route to a 5-under 65 on Friday at Sawgrass Country Club in Florida to move to 6-under par and into the top five after two rounds of the final stage of PGA Tour Q School.That was exactly the type of round his playing partner, North Oaks native Frankie Capan III, was looking for but couldn’t quite muster Friday. Capan shot a 2-over 72 on Friday to move back to 1-over par for the tournament. He double-bogeyed the par-4, 13th hole after sending his tee shot out of bounds.Capan heads into the weekend of the no-cut event in a tie for 61st, seven shots back of the top-five finish needed to secure a PGA Tour card. If he can’t finish top five, Capan will be a member of the Korn Ferry Tour — the PGA Tour’s primary feeder tour where he just spent his rookie season — for the second year.Wayzata grad Van Holmgren, one of Capan’s good friends, shot an even-par round of 70 to remain at even-...

Skill set of Timberwolves’ Naz Reid continues to capture attention of others, including Mavs star Luka Doncic

Published Tue, 05 Nov 2024 08:09:37 GMT

Naz Reid provided another glimpse into the player he both is and could be Thursday in Dallas.Reid was the best player on the floor in the Timberwolves’ 119-101 victory over the Mavricks, tallying a team-high 27 points on the strength of seven triples.The backup center was the spark on a night when his team came out somewhat lifeless.“I think there was one X factor — Naz Reid,” Mavericks star Luka Doncic said after the game. “He’s an amazing player, man. And he hurt us today. He’s been hooping.”To say the least. After a slight lull, the reserve big is averaging 18.4 points and seven rebounds over his past five games.Karl-Anthony Towns is in the midst of another all-star quality season and again threatening the golden 50-40-90 shooting standard, as the big man is shooting 51 percent from the field, 42 percent from deep and 89 percent from the free-throw line. The ability to shoot at those clips at his size is why the 7-foot Towns has been dubbed one of the premiere “unicorns” in...

‘I know how good I am’: Vikings undrafted rookie Ivan Pace Jr. has always proved his doubters wrong

Published Tue, 05 Nov 2024 08:09:37 GMT

The on-field backflip out of nowhere in Las Vegas surprised everybody except the person tantalizingly twirling his body through the air.It has become a signature move for Vikings rookie linebacker Ivan Pace Jr.He used to do it in high school whenever he got the chance, then brought it with him to college, wowing the home crowd at the University of Cincinnati before games with his acrobatics. Naturally, he brought it with him to the NFL, busting it out for the first time last Sunday after an his interception helped the Vikings seal a 3-0 road win over the Raiders.“I’ve been doing backflips in full equipment my whole life,” he said. “It ain’t hard.”That response elicited a chuckle from Luke Fickell, the former head coach at Cincinnati, who remembers how effortless Pace used to make everything look on the field,“That’s who he is,” said Fickell, the current head coach at the University of Wisconsin. “The things that are not nor...

Saratoga County church raises $10K for foster families

Published Tue, 05 Nov 2024 08:09:37 GMT

CLIFTON PARK, N.Y. (NEWS10) -- According to the Saratoga County Foster Care, the greatest need for teens is foster parents. Parishioners at the Redemption Church of Clifton Park saw this need and wanted to help foster kids feel special during the holidays. Get the latest news, weather, sports and more delivered right to your inbox! Saratoga County Foster Care Homefinder Christopher Cittadino said that Christmastime can be especially difficult for foster families. "It's a burden for families to take on caring for other children in their home," he said. “This time, we have 34 families altogether, and that consists of our traditional foster families, kinship families, and what we call direct placements.” Kinship families are those where kids are placed with a relative, and direct placements allow for kids to go directly into a home.“There's a lot of misconceptions about teenagers in foster care whether they're wild and they get into trouble or things like that," said Cittadino. "Ofte...

Woman hurt, man arrested as Belleville domestic dispute turns violent

Published Tue, 05 Nov 2024 08:09:37 GMT

BELLEVILLE, Ill. - One man is in custody and one woman was hurt after a domestic situation turned violent Friday morning in Belleville. The incident involved gunfire around 9 a.m. near the corner of Gate Wood Court and Frank Scott Parkway West. Investigators say a stray bullet hit a home right across the street where the violence all unfolded. Jordan Kyrou brought to tears after boos, clarifies previous remarks on Craig Berube "I was asleep around that time and I heard gun shots," said Jayla Jennings. "I looked out the window, and I saw somebody shot in the leg, on the ground.” FOX 2 learned that the victim ran off screaming for help after she was shot outside of her home. First responders attended to the victim near Frank Scott Parkway West. "I ran out of the house to try and go help her, and when I ran out the house, she ran towards the street to get more help," said Jennings. "Another guy who was an EMT took care of her until the ambulance came.” Officials are encouraging victi...

Marijuana meetup near St. Louis County high school leads to shooting

Published Tue, 05 Nov 2024 08:09:37 GMT

ST. LOUIS COUNTY, Mo. - A man faces felony charges after a marijuana meetup near a north St. Louis County high school led to a shooting earlier this month. Steven Brown, 37, of Pine Lawn, is accused of shooting a woman as she tried to get away from an altercation. Jordan Kyrou brought to tears after boos, clarifies previous remarks on Craig Berube According to court documents obtained by FOX 2, Brown and the woman met behind Normandy High School around midnight on Dec. 8 with plans to smoke marijuana together. Court documents state Brown made unwanted sexual advances toward the woman, which led to a physical altercation. Brown allegedly pulled out a weapon, firing one shot into the air and firing another near the victim's legs. The victim quickly got into her car to drive away, but felt pain in her leg. Doctors later discovered she suffered a graze wound from a bullet shrapnel. Authorities say Brown had 10 prior felony convictions. He faces four felonies in this investigation, in...