As rents across the country go up, Austin prices continue to fall - Austin Monitor

As tens of thousands of new apartments have opened in Austin, and the rate of people moving to the city has slowed, rent prices have been falling.

The typical monthly rent in the Austin metro is down nearly 4 percent compared to last summer, while cities like Dallas, Phoenix, and Atlanta are experiencing rising rents.

A lot of builders ... they look at the demographics and they look at the job growth and they look at projections and they say, 'You know what, this is going to be a good place for me to build.'

Read at Austin Monitor