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Rent prices in Austin drop 10% on average from last year: FOX 7 Focus

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Rent prices in Austin drop 10% on average from last year: FOX 7 Focus


If you’re looking for an apartment here in Central Texas, you may be pleasantly surprised to see that rent prices have actually gone down. 

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Austin realtor Olivia Vale with Roots Residential Group joins FOX 7 Austin’s John Krinjak to discuss in this FOX 7 Focus. 

JOHN KRINJAK: So tell us about what we’re seeing here. How big of a drop are we actually seeing in the price to rent an apartment?

OLIVIA VALE: Yeah. So, on average, we’re seeing about a 10% decrease from last year. And keep in mind that over the pandemic, both rents and home prices skyrocketed. And that’s because of supply and demand and, of course, a number of economic factors. Right now we’re getting relief. And we’re at the lighter side of that bubble, which is great news. The caveat here is that not all rent prices are dropping in the same way, in the same locations. So the closer you are to downtown, you’ll see a more robust, healthy rental market when you get further out. Suburbs, new builds. We’re seeing those rent prices come down, whereas, you know, older homes in more established neighborhoods, those are more robust. And we’re seeing, you know, more of a flat level there. 

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JOHN KRINJAK: So from what you’re seeing, what do you think is behind this drop in rent prices? 

OLIVIA VALE: Yeah. So a lot of it is supply and demand. We don’t have the tens of thousands of people moving here, ready to rent kind of anything that they see online before even seeing in person. So, you know, there’s a lot more available. And that goes for when you’re buying a home, too. There’s a lot of availability right now.

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JOHN KRINJAK: All right. So let’s set up two scenarios here. If you’re looking for a new apartment, you’re looking to leave where you are now, find a new apartment. Hopefully, take advantage of some of these savings. What advice would you have for people?

OLIVIA VALE: Yeah, I would say with any apartment hunting, of course, with home buying and selling, you can use a realtor. A lot of people don’t know that a realtor is available for you to use. You don’t have to pay them personally. We get a bit of commission from the landlord. A realtor has years of knowledge about the housing market they can advise you on. You know what a landlord may be looking for and an application fee.

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JOHN KRINJAK: So on the other end of it, if you’re looking, you like your apartment, you’re looking to stay where you are, but you’re looking around and seeing the prices go down. But your landlord wants to keep your rent the same or raise it, and you don’t think that’s fair. What steps can you take there?

OLIVIA VALE: I think that almost unequivocally, across the board, no one should be raising their rent this year. We saw a huge jump in rents this year. You know, we’re actually at a level where rents were in 2021. So if your landlord is raising your rent levels past 2023, you know, that’s a sign to get in touch with the realtor, have them run rental comps on what rental places have closed in your neighborhood in the last six months or so, and then armed with that information, you can go to your landlord and say, look, you don’t have justifiable basis to raise my rent.

JOHN KRINJAK: And I guess the question everyone’s kind of afraid to ask, do you think this is going to continue?

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OLIVIA VALE: I think we’ve kind of leveled off. We can see that rents did go up ever so slightly. Just May, April, May. So I think the adjustment is where we’re kind of over that hump now.

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JOHN KRINJAK: And so we talked a lot about renting, but if you’re looking to buy a home or a condo, are you seeing similar patterns with the real estate market as we are with rent prices? Are those prices coming down too?

OLIVIA VALE: Marginally. So definitely from the highs in 2022, we’ve come down a little bit. If you are a buyer right now, we’re seeing 30% more homes inventory wise than we were last year. So the world is your oyster. If you’re a buyer in Austin, you should be able to negotiate. You should be able to get, maybe points on your mortgage paid by the seller. You have a lot of leverage.

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JOHN KRINJAK: What should you do if you’re a seller? Is it just a bad time to sell, or is it a little bit more nuanced than that?

OLIVIA VALE: It’s a little more nuanced. I mean, everything is so localized in this market, you see huge differences between neighborhoods. So when you’re a seller, you have to adjust your expectations, know that your home is going to be on the market for longer. Do those extra things to your home, spiff it up, make it look great. And then have an experienced realtor give you a fair, realistic idea of what you can actually sell your home for.

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JOHN KRINJAK: All right. Olivia Vale, realtor here in Austin. Olivia, thanks so much for being here. We appreciate you.

OLIVIA VALE: You’re so welcome. Thank you for having me.



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Austin, TX

Austin activists hold anti-ICE protests following the death of Renee Good in Minneapolis

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Austin activists hold anti-ICE protests following the death of Renee Good in Minneapolis


Chants of “shame” and “ICE out of Texas” rang through the street as Austin-area activists joined thousands across the nation in protesting the killing of Renee Nicole Good, who was fatally shot Wednesday by an Immigration and Customs Enforcement officer in Minneapolis.

The protest was held in front of the U.S. Department of Homeland Security building in Pflugerville.

Good, 37, was shot in her SUV while attempting to drive away from several ICE officers who ordered her to exit her vehicle.

Scarleth Lopez with the Party for Socialism and Liberation, the organization that led the protest, said the videos of the shooting in Minneapolis were “sickening.”

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“Trump has lied and and said that Renee was a terrorist. She was a mother. She was an innocent bystander,” Lopez said. “We must organize to stop these people from kidnapping and murdering.”

Lorianne Willett

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KUT News

Spray painted messages appeared outside of a U.S. Department of Homeland Security building in Pflugerville

Elizabeth Bope, a retired Pflugerville ISD teacher, said the claims from federal and state lawmakers that Good was attempting to strike the ICE agent with her vehicle inspired her to attend the protest.

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Such claims were posted online by Vice President J.D. Vance and Texas Sen. Ted Cruz. Attorney General Ken Paxton reposted a statement from DHS on X, formerly known as Twitter, that said the ICE agent “relied on his training and saved his own life.”

“It’s beyond really any words that they killed this woman for no reason, but also that they’re lying about it,” Bope said. “I’m not even a radical left person, I’m just a regular old Democrat.”

Other key Texas leaders, including Gov. Greg Abbott and Lt. Gov. Dan Patrick, have not commented on the shooting.

A group of protesters holding yellow signs reading "ICE Out of our Communities" gather during a night time protest.

Lorianne Willett

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Protesters gathered and held signs during a protest against ICE.

Doug Tickner, who said he works for a home building company in Austin, said he felt it was important to show up in person for Good.

“I don’t really think of Minneapolis as being that far from here, and it’s not like what happened in Minneapolis was some sort of one off unique event,” Tickner said. “This is part of a pattern, and I feel folks better wake up and realize that this is becoming more and more serious.”

The news that federal immigration officers shot and wounded two people in Portland, Oregon, broke hours before the protest.

The gathering in Pflugerville is among the first of four anti-ICE demonstrations planned across the Austin area over the next few days.

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Earlier on Thursday, protesters gathered at the intersection of 45th Street and Lamar Boulevard during rush hour. A protest on Friday will be held at the Capitol and another will be held Saturday at City Hall.

Protesters bang on the outside of a building built of metal.

Lorianne Willett

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KUT News

Protesters bang on the outside of the U.S. Department of Homeland Security building in Pflugerville.

State and federal leaders are now sparring over who should conduct an investigation into the Minneapolis shooting, according to NPR.

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Minnesota’s Bureau of Criminal Apprehension, which was originally asked to conduct a joint investigation with the FBI, said in a statement it was later told the investigation would be led solely by federal authorities.





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Austin, TX

Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says

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Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says


A Texas agency is concerned that the flesh-eating New World screwworm could be getting closer to Texas without commercial livestock movement.

Texas Agriculture Commissioner Sid Miller is sounding the alarm again for livestock owners to remain vigilant in watching for signs of the parasite in their animals.

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Screwworm sighting near Texas

The latest:

Miller said in a Thursday release that a screwworm had been detected in a cow in González, Tamaulipas, a little more than 200 miles from the southern Texas border. 

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According to the commissioner, the cow had no reported history of movement outside Tamaulipas, and is the third active case reported there. 

Officials in Mexico have not reported a known population of the worm in Tamaulipas. They’re working with U.S. authorities to investigate further into the new case. 

What they’re saying:

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“The screwworm now may be moving closer on its own, with no apparent link to commercial animal movement,” Commissioner Miller said. “Texas producers must act now—stay informed, stay vigilant, and prepare immediately. We cannot drop our guard for even a moment.”

Inspect livestock for screwworm

What you can do:

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Miller urged immediate action from ranchers along the Texas border.

“Inspect your animals daily,” Miller said. “Check every open wound. If anything looks suspicious, report it right away. Better a false alarm than a delayed response—early detection and rapid reporting are our strongest defenses against this devastating pest.”

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U.S. plan to fight screwworm in Texas

Big picture view:

The threat to cattle has been deemed so potentially devastating to the U.S. food supply that the federal government is committing $850 million to fight it.

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Most of that money will be spent on building a sterile male fly production facility near the border.

The facility will produce 300 million sterile male flies a week to be dropped into target areas where the screwworm is now. Those male flies help to reduce the population size through mating without reproducing.

A much smaller portion of the funding will be used for screwworm detection technology.

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In addition, the federal government has already spent $21 million on a sterile fly production facility in Mexico.

What are New World screwworms?

Dig deeper:

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The insect gets its name because it’s only found in the Americas. 

It lays its eggs in the open wounds of animals, and its larvae become parasites, threatening livestock, domestic animals, and even people.

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The screwworm was mostly eradicated in Texas and the rest of the United States in the 60s. But now, it’s moving north up from Panama and has a known presence a little over 300 miles south of the Texas-Mexico border.

The Source: Information in this article comes from Sid Miller.

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Austin, TX

LD Systems expands Texas Footprint with Austin Location and welcomes ILIOS Productions — TPi

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LD Systems expands Texas Footprint with Austin Location and welcomes ILIOS Productions — TPi


For over two decades, ILIOS Productions has been a key part of the live events community in Austin, TX, transforming spaces and audience experiences with a vast range of lighting and video design, as well as event production services across a diverse client portfolio. Now, with the backing of parent company Clair Global, LD Systems, a Houston-based premier provider of audio, video, and lighting for event production and installed technology solutions, is welcoming ILIOS Productions to the team, marking the group’s fourth location in Texas. ILIOS Productions will now operate under the LD Systems brand. 

LD Systems will further resource ILIOS’ existing Austin operation to include additional services such as audio and rigging for live events, as well as integration solutions and services. This addition helps round out LD Systems’ ability to locally serve major metropolitan areas across Texas, including Houston, San Antonio, Dallas-Fort Worth, and Austin and reflects Clair Global’s continued focus on offering global resources while maintaining strong local-market expertise and responsiveness.

ILIOS Productions’ experience spans the concert and festival sector, corporate and activations, and high-end private, philanthropic and charitable events. The company’s commitment to critical event delivery has established trust with major brands including Lollapalooza, SXSW, Austin City Limits, Google, YouTube, the University of Texas System and many more.

Founder, President & Sr Ops Manager of ILIOS Productions, Bryan Azar, said: “After many years of working alongside LD Systems in Austin and beyond, we are delighted to be joining their world-class organisation. This is an exciting new chapter for a bolder future together.”

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Zach Boswell, General Manager, ILIOS Productions, added: “We are passionate about the work we do, and the community and business culture found at LD Systems is the ideal next step for our dedicated employees to progress as a united workforce.“

LD Systems co-founder and President, Rob McKinley commented: “We are delighted to amplify our service offerings in Austin with the addition of Bryan and his exceptional team of technology professionals. They have made a significant difference to many Texans with the work they undertake, and LD Systems is proud to welcome both their talent and ethos to the company.”

Building on this momentum, LD Systems also announced plans to expand its San Antonio facility into a new location in January 2026. Together with the addition of ILIOS Productions in Austin, this investment reinforces the organisation’s long-term investment in Texas and its dedication to meeting growing client demand with enhanced capacity and infrastructure.

www.ldsystems.com

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