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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

Immigration drives nation’s population growth • Kansas Reflector

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Immigration drives nation’s population growth • Kansas Reflector


A recent immigration surge brought newcomers to every state this year, helping to offset a continued drop in U.S. births while contributing to a national upswing of about 3.3 million new residents, according to new U.S. Census Bureau estimates.

Texas and Florida continued to dominate state population growth, together adding more than 1 million people from mid-2023 to mid-2024 and making up almost a third of the nation’s population increase. The state numbers include births, deaths, immigrants and residents moving from other states.

Nationally, this year’s population growth was up from the 2.8 million increase in 2023 and the 1.9 million boost in 2022, according to state population estimates released Thursday.

The population jump — the largest single-year increase since 2001 — was buoyed by a 21% increase in net immigration.

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Immigration has become a more significant factor in population changes, making up all or almost all the growth for 18 states in every part of the country this year, according to an analysis of the data by William Frey, a demographer for the Brookings Institution, a left-leaning think tank.

“This points up the importance of immigration, not just to a couple of big states but to a broad swath of our country,” Frey said. “It’s going to be very welcome in a lot of places that would not be gaining many people or [would be] losing people because of lower fertility and higher deaths.”

Immigration grew in every state, ranging from an increase of about 69,000 people in Florida and California and 57,000 in Texas, down to a few hundred in Montana and Wyoming. The growth in the immigrant population ranged from 19% in Alaska to 36% in Montana.

California and Illinois were among states that had lost residents earlier in the decade, and their growth over the past year could help both stem expected losses in congressional representation after the next nationwide census in 2030.

If the growth continues, it would trim California’s loss to three seats in the U.S. House of Representatives instead of four, and Illinois could lose one seat instead of two, said Kimball Brace, a Virginia-based redistricting expert.

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Florida, where growth has slowed slightly, could gain one fewer congressional seat than predicted — three instead of four, he said.

“Clearly immigration is coming into play — a couple years ago you had people talking about California going off the deep end [with population loss] and now it doesn’t look so deep,” said Brace, president of political consulting firm Election Data Services Inc.

California ranked third in the number of new residents from July 1, 2023, to July 1, 2024, according to census estimates, with a gain of about 233,000, thanks to both immigration and people moving in from other states. The Golden State was followed by North Carolina (165,000) and New York (130,000). Illinois grew by about 68,000 and Louisiana by about 9,700.

Florida and Texas also were the leaders in percentage change, growing about 2% in that year, followed by Utah (1.8%), South Carolina and Nevada (both up 1.7%), and Idaho and North Carolina (both up 1.5%).

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Only three states had population losses for the year, of a few hundred people each: West Virginia, Vermont and Mississippi.

In Texas, the cities of Houston, Austin and Dallas added the most new housing last year — almost 40,000 new units among them — and are likely to be the centers of new population growth, according to a state report in November. Collin County, a Dallas suburb, is also one of the state’s fastest growing areas, with more than 16,000 new housing units added last year and almost 64,000 since 2020, according to the report.

Florida’s recent growth was concentrated in Jacksonville, Port St. Lucie, Miami, Tampa and Orlando, according to a state report this year.

A surplus of births over deaths helped most in New York, California, Pennsylvania, Ohio and Michigan.

New York City has built more housing, which helped stem net losses from people moving away, said Jan Vink, a senior extension associate at Cornell University’s Program on Applied Demographics.

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That’s encouraging news for the state’s future, Vink said. In November, the university estimated that New York’s population could shrink by as much as 2 million people over the next 25 years because of low fertility rates and aging, unless those losses are offset by new arrivals in the form of immigration or people moving from other states.

Texas, the Carolinas, Florida and Tennessee had the largest numbers of new residents moving in from other states, though the numbers were down in all those states from the previous year as high interest rates and housing prices led more people to postpone moves.

Stateline, a States Newsroom affiliate, produced this report.



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Austin, TX

Where to recycle your Christmas tree in Texas

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Where to recycle your Christmas tree in Texas


TEXAS — Once the holidays have passed, you are encouraged to give your natural Christmas tree another life by recycling it at any number of locations in Texas.

Most drop-off sites open on Dec. 26, but check with your city or county ahead of time to confirm.

There are typically guidelines for tree mulching and recycling. Check with your local recycling location for specifics, but the following rules, provided by Travis County, usually apply:

  • Only natural trees are accepted (no plastic/artificial trees)
  • Remove all ornaments, decorations, lights and tree stands (wooden blocks)
  • Remove all nails, screws, staples, wire and metal
  • Trees sprayed with flocking or artificial snow are not accepted
  • Do not place the tree in a “tree bag” or any plastic bag
  • Netting or rope wrapped around the tree is not accepted
  • Trees taller than 6 feet must be cut in half

Here are some locations where you can recycle your tree in Texas. The list isn’t exhaustive, so check online with your city or county for a location near you.

  • For recycling in Travis County, click here.
  • For the Austin area, click here.  
  • For San Antonio, click here.
  • For Dallas, click here.
  • For Fort Worth, click here.
  • For El Paso, click here.



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Texas A&M vs USC preview: Scouting report, predictions for Las Vegas Bowl

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Texas A&M vs USC preview: Scouting report, predictions for Las Vegas Bowl


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All that’s left in the season for Texas A&M football is the Las Vegas Bowl. With one game left, the Aggies head west to take on the USC Trojans for the first time since 1977.

Texas A&M (8-4, 5-3 SEC) dropped out of the US LBM Coaches Poll at the end of the season, while the Aggies’ next opponent is fighting to finish above .500. USC is 6-6 overall and is 11th in the Big Ten at 4-5.

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BUY TICKETS TO TEXAS A&M VS USC

Will A&M take care of business in the final game of 2024? Can they send off Year 1 under head coach Mike Elko on a good note? How will the Aggies fare down three key defenders up front? Can Elko and the Aggies secure a nine-win season for the first time since 2020?

Here’s a full scouting report for the Texas A&M Aggies vs the USC Trojans:

Texas A&M vs USC in Las Vegal Bowl

When: 9:30 p.m. Friday.

Where: Allegiant Stadium in Las Vegas.

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TV: ESPN.

Radio: 1370 AM in Austin; 1150 AM, 93.7 FM in College Station.

Line: Texas A&M is favored by 3½.

Weather: Allegiant Stadium is a dome, rendering the weather to be a nonfactor.

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Texas A&M vs USC history

All-time: USC leads 3-0.

Last meeting: 47-28 USC win (1977).

Most memorable meeting: It hasn’t been an extensive history between the two programs, and it hasn’t been a joyous one for the Aggies either. The latest matchup came in the 1977 Bluebonnet Bowl, played annually in Houston.

The final meeting between the Aggies and Trojans was also the last time A&M played in the bowl game. A&M lost to USC, 47-28, aided by a then-bowl record four-touchdown pass performance from USC’s Rob Hertel. Trojans’ running back Dwight Ford broke a school record with 94 rushing yards.

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Know the foe: USC

Last game: 49-35 loss to Notre Dame.

Players to watch: Thanks to increased player movement, it’s oftentimes hard to get a beat on who will and won’t play in non-playoff bowl games. However, looking at the Trojans’ offense, their passing attack was led by sophomore wide receivers Makai Lemon and Zachariah Branch. The duo have combined for 93 receptions, 1168 yards and four touchdowns. Branch is in the transfer portal and is not expected to suit up against the Aggies.

The Trojans started the year with Miller Moss at quarterback, but thanks to USC making a switch, sophomore Jayden Maiava is the starting quarterback now. He has made the last three starts for the Trojans, while Moss has entered the transfer portal, reportedly joining Louisville ahead of the 2025 season.

As a starter, Maiava has totaled 840 passing yards, seven touchdown passes and three interceptions.

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Central Texas connections: The USC Trojans football team is a national brand, and with that comes an extensive reach on the recruiting trail. As a result, the Trojans’ roster has its fair share of Texas natives. In total, 11 players call the Lone Star State home, including junior tight end Lake McRee who is from Austin and played at Lake Travis.

When Texas A&M has the ball

It will be interesting to see how the Aggies handle the Las Vegas Bowl, with 19 players reportedly in the transfer portal and at least Nic Scourton already forgoing the bowl game for NFL aspirations.

What Aggies fans can expect to see is Marcel Reed getting plenty of work with him being viewed as the unquestioned starting quarterback heading into the new season for the first time.

Also, preseason-projected starting running back Rueben Owens made his first appearance against the Longhorns in Week 14 following a knee injury that made him unavailable for most of the year. It will be interesting to see if they once again give him game action to close out the year.

Look for the Aggies to work in young players such as freshman wide receiver Ashton Bethal-Roman who finished the year with four receptions, 44 yards and one touchdown in limited action as they head into next season.

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When USC has the ball

The Trojans’ passing game is well-documented. They enter the game with the 10th-best passing attack in the nation, averaging 291.7 yards a game. Maiava will be looking for Makai Lemon for much of the evening, while Austin native Lake McRee is also a viable option.

Even with all the attention being paid to their passing game, senior running back Woody Marks tallied 1,133 rushing yards and nine rushing touchdowns this year, and will be a problem the Aggies will need to contend with as well.

Texas A&M vs USC key matchup

Aggies’ defensive backs vs Trojans’ receivers

A&M’s secondary will have its hands full with this Trojans passing attack, and it will be up to Will Lee III, Dezz Ricks and BJ Mayes to limit the big-play ability of USC’s passing attack.

While teams have had success running on the Aggies recently, the Trojans’ strength lies in the passing game, and A&M should be prepared for an aerial attack during the season finale.

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Texas A&M vs USC predictions

Tony Catalina: It’s hard to get a beat on how these non-playoff games will go with all the changes and uncertainty. However, Mike Elko has a chance to get his ninth win of the season, and there is still enough talent in the program and coming back that I think A&M is able to find a way. Texas A&M 27, USC 20.

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