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Austin Rent Prices Spiking – Interview with KVUE

On May 5th, KVUE reached out to Joe DeBlasio to discuss the current state of rent in Austin, TX.

“The last time we saw a demand surge like this was about 10 years ago here in Austin, where the percentage of renters increased substantially because of all the foreclosures during the ’08, ’09, 2010 bust real estate bubble,” DeBlasio said. “And so we had a new demographic of renters. We had folks that lost their home during that crisis. We had folks, older folks, that maybe had a home and they decided they don’t want the responsibility any longer. So we saw a demand surge demographic-wise during that situation. This is a little bit different. The causes are a little bit different.”

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