It's really a basic supply and demand issue. Austin TX had skyrocketing housing prices and rents during the pandemic. It also built a shit ton of new apartments

It's really a basic supply and demand issue. Austin TX had skyrocketing housing prices and rents during the pandemic. It also built a shit ton of new apartments that have come online during the past year (and are continuing to come on line), and rent prices fell considerably: https://www.austinmonitor.com/stories/2024/02/austin-apartments-boomed-and-rents-went-down-now-some-builders-are-dismantling-the-cranes/ https://www.austinmonitor.com/stories/2024/02/austin-apartme...