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Vox

How Austin’s stunning drop in rents explains housing in America

How Austin’s stunning drop in rents explains housing in America
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Apartments and condos in Austin. | Jay Janner/The Austin American-Statesman via Getty Images Here is one narrative violation in the usual drumbeat of doom that we’re used to hearing about housing in America: The rent, in many cities across the US, is getting cheaper.  After soaring to Covid-era highs, rents have cooled. Last month, the national median rent was down 1.7 percent from one year prio

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