​Texas Rental Market “Collapsing Before Our Eyes”  – Tyler Durden

Texas Rental Market “Collapsing Before Our Eyes”  Housing market data from Redfin shows that US asking rents were flat in October, rising marginally by .2% year-over-year to $1,619. For two years, rents have remained flat nationwide following a massive boom during Covid, sparked by low interest rates and domestic migration trends. Now, in cities like Austin, Texas, rents are sliding due to a surge in new supply and reduced demand.  Drilling down into Austin’s rental data, Nick Gerli, CEO and founder of the real estate analytics firm Reventure Consulting, shared on X a concerning breakdown of the local rental market downturn…  — Continue at ZeroHedge News : Read More