US EditionBay Area take note: Austin Rents Tumble 22% From Peak on Massive Home Building Spree
Summary by thedailyrenter.com
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Austin, Texas Builds New Housing, Drives Rents Down 22%
The Texas capital, once a classic case of unsustainably rising rents in a hot housing market, is now leading the nation in rental price declines thanks to an unprecedented housing construction boom. Rents in Austin have plummeted 22% from their peak in August 2023, the largest drop of any major U.S. city, according to data…
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