The Austin housing market needs to get off Ozempic!

The Austin housing market needs to get off Ozempic! Too thin on rents!!! 😰📉🙇🏼‍♂️

9% LOSS IN RENT YoY :(

🚀 U.S. Rent Report: Where Prices Are Soaring & Sinking! 🏡📉📈

National median asking rent dropped 1% (May 2024-May 2025), but local swings are HUGE!

👑⬇️ Texas leads the charge! Austin, TX saw a nearly 9% rent decrease year-over-year ($1,385 median), fueled by massive multifamily construction!

Top 5 Rent Drops:
* Austin, TX: -8.9% 🥳
* Minneapolis, MN: -6.3% ❄️
* Columbus, OH: -3.5%
* Nashville, TN: -3.4% 🎸
* Portland, OR: -3.4% ☕️

Top 5 Rent Increases (Record Highs!):
* Cincinnati, OH: +7.4% 🚀 ($1,460 median)
* Tampa, FL: +4.2% ☀️
* St. Louis, MO: +4.0% 🌉
* Pittsburgh, PA: +3.5%
* Birmingham, AL: +2.4%


The market is nuanced! More renters choosing rentals over buying due to high home costs. What trends are you seeing? 👇

https://www.mysanantonio.com/realestate/article/austin-rent-prices-20362593.php