Austin Had 5th Fastest Year-To-Year Rent Growth In U.S.

AUSTIN, TX — A new report confirms what beleaguered renters already know: The rent is too darn high. So high, in fact, that Austin ranked 5th in fastest year-over-year rent growth when compared to other major metros. For their November report, Apartment List researchers tracked rent growth, median prices and market trends. The upshot: Rents…

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High Austin Land Prices Pose A Challenge To Habitat For Humanity

A new Harvard University study on the state of the nation’s housing found that rapidly escalating land prices make construction of low-cost housing a challenge for cities. Central Texas has seen a rapid escalation in land prices in recent years, making it difficult for nonprofit organizations to  provide affordable housing to low-income families. Phyllis Snodgrass…

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Multifamily vacancies haven’t been this low since 2000

It’s getting harder and harder to find an available unit in multifamily real estate. In the third quarter of this year, multifamily vacancy fell to 3.6%, down 40 basis points from 2018, to the lowest level since 2000, according to a report from CBRE. On average, rent rose 2.9% year over year, slightly higher than…

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