Rental Market

Austin Rental Market Update – October 2006

November 11, 2006

Austin’s rental market for single family homes looks like it might finish the year with a slight upturn from last year. This would break a four year downward slide in Austin rental rates that started in 2002 after the tech bust and 9/11. We still have November and December to factor in, but we’re a [...]

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Austin Rental Market – September 2006 Update

October 7, 2006

Below are the stats for the Austin Rental Market for September 2006 and for 2006 year-to-date. We are now in the slower rental season in Austin. From September through around March is not the ideal time to rent a home in Austin. It’s not a disaster to have a vacancy during this time frame, but [...]

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Austin Leasing Stats – August 2006 Update

September 11, 2006

Average rental rates for single family homes in Austin increased 6.6% from August 2005. The increase was 4.2% for July, but as of mid-year 2006 (June), the overall rental rates were down 1% from the same year to date period of 2005. So we have a two month upward trend that we need to keep [...]

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Austin Rental Market – July 2006 Update

August 5, 2006

July shows an upswing in rents for single family homes in Austin compared to July a year ago and June of this year. The number of homes leased through the Austin MLS increased 7% over a year ago – from 692 to 741, a much smaller increase than last month, but a notable increase nonetheless. [...]

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Austin Rental Market Update – Mid Year 2006

July 5, 2006

Rent values for single family homes in the Austin area slid a bit lower in June compared to June of last year. The market is however showing an impressive ability to absorb the additional supply created by investors. The first six months of 2006 compared to the first 6 months of 2005 have seen a [...]

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Austin Leasing Update for May 2006

June 7, 2006

The number of single family homes that leased in May 2006 increased by 44% from May of last year and homes in Austin are leasing faster than a year ago. But the rental rates are still treading water. Were it not for all of the additional housing supply being created by investors, rental rates would [...]

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Austin Leasing Update – April 2006

May 16, 2006

The Leasing Market in Austin is still holding steady, with minor gains over April a year ago. Property Managers I talk to tell me they are starting to increase rents very selectively in some of the stronger areas closer to downtown, and with some of the better homes. This is still a renter’s market, but [...]

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Austin Market Rental Update – Home rents still falling

April 20, 2006

The number of single family homes rented in March 2006 increased a whopping 65% over March 2005. 633 Single Family Homes were leased through the Austin MLS Leasing service this March compared to 382 units in March of last year. This impressive increase in absorption is surpassed however by the even greater increase in supply. [...]

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February 2006 Rents stay Flat in Austin

April 6, 2006

I’ve been getting behind on my market updates. It’s been a hot sales market and me and Sylvia have been staying very busy every day. If you read the Jan rental market update you know that rental rates in Austin fell in Jan 2006 from Jan 2005. February stats show virtually no movement from the same month [...]

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Austin Rental Home Market Still Favors Renters

February 28, 2006

Despite all the great news about our booming sales market in Austin, many of the sales are to investors and the result is an over-supplied rental market. Renters have never had it so good! In Austin TX you can rent a 4000+ square foot brand new home on a golf course for $2200 per month! [...]

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