They bought homes at the peak of Austin’s housing boom. Now they’re taking devastating losses.0

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• August 5, 2026

Ryan McPherson fought hard for his piece of Austin. Back in the spring of 2022, when it seemed like everyone was angling for homes in the Texas capital, he and his wife set their sights on a tidy four-bedroom in a sprawling new development on the east side of town. They bid $20,000 above the