Supply FTW!
I’ve lost the link, but I saw a post somewhere about how rents are declining in Dallas and Austin, and they are declining the most in Austin.
I think there are some interesting trends happening, which fit the intuitions informed by the Erdmann Housing Tracker. Here I’m going to compare rents and construction activity in Dallas, Austin, Houston, and San Antonio.
I’m putting this below the paywall for subscribers because I think it will be necessary to have some knowledge of and faith in my empirical claims to see what’s going on here. But, I think it serves as a nice case study on how to use the tracker to understand current real estate markets.
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