Rent prices are crashing, housing prices are just falling, but might be crashing soon.Proof??
New data shows the median price for residential homes was $593,500 in April, which is up 6% from a year ago, according to the Austin Board of Realtors (ABoR).
Rents in the Austin area have been falling for a year
Since May 2023, the average monthly rent in the Austin area has declined. Prices are down 6% compared to this time last year.
www.kut.org
Austin House Prices Are Falling But Experts Say They're Just 'Going Back To Normal': These Are The City's More Affordable Neighborhoods
Home prices have been falling in the Austin, TX, area since the COVID-19 peak. These are the five neighborhoods that experienced the largest declines.
www.realtor.com
Austin rent drop one of largest in nation
Austin tenants saw some relief from spiraling rent costs at the end of 2023, with some of the steepest declines in the nation. A recent Rent.com report puts the city's median rent in December 2023 at $1,985 — a 12.5 percent decrease from the $2,270 the listings and data site reported in...
austin.urbanize.city
Austin’s housing market, once among the hottest in the US, is cooling
Though Austin was once considered a seller’s market, for now at least it’s considered 'no one's market,' meaning it's tricky to both buy and sell.
www.texasstandard.org
Will The Austin Housing Market Crash?
Like many cities in the U.S., the Austin housing market has experienced major ups and downs over the last five years. Find out if the Austin housing market could crash.
www.forbes.com
Austin's housing market is sinking
Austin's recent growth has gone in reverse as house prices in the former boomtown suffer the biggest drop in the country
www.newsweek.com