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Let’s break down midyear data from Austin’s housing market! The graph below compares stabilized multifamily rents with the average single-family monthly home payment in the Austin Metropolitan Area. Despite impressive rent growth since 1Q2021, the gap between renting and buying in the Texas State Capital continues to expand. Since 1Q2021, Austin multifamily rents have increased 9%. Over this same period, single-family home values are up 15% and mortgage rates are up 2.35x, leading to a 57% increase in a monthly single-family home payment. Over the three-year span, home ownership went from being 1.88x the cost of renting to now 2.50x the cost of renting. Stay informed on how these trends impact your housing decisions by contacting out ATX team: Matt Pohl, Forrest Bass, Spencer Roy, Kevin Dufour, Kyle Peco, Allie Anderson, Thomas Finley, and Trey Smith! #AustinRealEstate #Multifamily #SingleFamily #HousingTrends *Assumes a 20% down payment Sources: FRED, CoStar, Texas A&M Real Estate Research Center

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Paul Darrow

Managing Director - Walker & Dunlop

2mo

this great. the other side of the coin is there was a $800 rent-to-own delta in 2020 and a 2,500 in Q42023. That's a **300 percent** increase in the rent to own differential. Seems like there has to be a big wave of renter demand of would be buyers delaying the american dream.

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