Real Estate: Rents are decreasing in certain high-demand cities because homebuilders misjudged the timing of new construction projects.
📉 Rents in Austin have dropped by 8% since mid-2023, while cities like New York and Chicago are experiencing increases of up to 16%. 🏙️ This shift is linked to excess supply and slowed migration. Real estate guru Aziz Sunderji explains the complex housing dynamics at play. 🔍💼 #Austin #RealEstate #HousingMarket
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