4. Austin's Surge of New Housing Construction Drove Down Rents (www.pew.org)

After decades of explosive growth, Austin, Texas, in the 2010s was a victim of its own success. Lured by high-tech jobs and the city’s hip reputation, too many people were competing for too few homes. From 2010 to 2019, rents in Austin increased nearly 93%β€”more than in any other major American city. And home sale prices increased 82%, more than in any other metro area in Texas.

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