Austin, TX
Rent prices in Austin drop 10% on average from last year: FOX 7 Focus
Austin rent prices down: FOX 7 Focus
Austin rent prices have decreased compared to last year. Austin realtor Olivia Vale joins FOX 7 Austin’s John Krinjak to discuss in this FOX 7 Focus.
AUSTIN, Texas – 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.
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.
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.
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?
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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It’s been a busy week for presidential politics since President Joe Biden decided to withdraw from the race for the White House and endorse his vice president Kamala Harris. Scott Braddock, editor of QuorumReport.com, joins FOX 7 Austin’s John Krinjak to discuss in this FOX 7 Focus.
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.
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.
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.
Austin, TX
A total lunar eclipse will turn the moon blood red on Tuesday
A blood-red moon will soon grace the skies for a total lunar eclipse — and there won’t be another until late 2028.
The spectacle will be visible Tuesday morning from North America, Central America and the western part of South America. Australia and eastern Asia can catch it Tuesday night. Partial stages of the eclipse with small bites taken out of the moon can be seen from Central Asia and much of South America. Africa and Europe will be shut out.
Solar and lunar eclipses happen due to a precise alignment of the sun, moon and Earth. There are between four and seven a year, according to NASA.
The eclipses tend to follow each other, taking advantage of the sweet spot in the celestial bodies’ orbits. Tuesday’s total eclipse of the moon comes two weeks after a ‘ring of fire’ solar eclipse that dazzled people and penguins in Antarctica.
During a total lunar eclipse, the Earth is between the sun and full moon, casting a shadow that covers the moon. The so-called blood moon looks red because of stray bits of sunlight filtering through Earth’s atmosphere.
The show unfolds over several hours, with totality lasting about an hour.
Compared to a solar eclipse, “the lunar eclipse is a little more of a relaxed pace,” said Catherine Miller at Middlebury College’s Mittelman Observatory.
For those in the path, there’s no need for any special equipment to observe — just a clear, cloudless view of the sky.
Use a forecasting app or any online celestial calendar to look up the exact timing for your area. Venture outside a few times to see Earth’s shadow darken the moon, eventually revealing the reddish-orange orb.
“You don’t have to be out there the whole time to see the shadows moving,” said astronomer Bennett Maruca with the University of Delaware.
There’s a partial lunar eclipse on the docket for August, visible across the Americas, Europe, Africa and west Asia.
While most people are looking forward to seeing the eclipse, throughout history — many people saw eclipses as omens of doom. Some superstitions and fears still exist. NBC 5 producer Sara Sanchez learned more from historians and eclipse experts.
Austin, TX
Austin Animal Services Hosts Free Spay/Neuter Clinic
Austin Animal Services is hosting a free, high-quality, high-volume spay/neuter for cats and dogs now through March 2 in North Austin.
The five-day clinic, which is being held in partnership with Greater Good Charities, is taking place at 11580 Stonehollow Dr., Suite 160. Registration and drop-off begin on-site each day from 7:30-10 a.m. or until capacity is reached.
In addition to free spay/neuter surgeries, pets receiving surgery will also receive vaccinations, flea and tick prevention, and microchips, ensuring that they return home healthier and better protected.
Spaying and neutering is the most effective tool in preventing unplanned litters and reducing the number of stray and surrendered animals entering local shelters. Managing overpopulation helps individual owners and also strengthens community health by reducing roaming animals, easing shelter overcrowding, and decreasing long-term strain on animal welfare resources.
This is the seventh free clinic the city has hosted since 2024. The previous six clinics provided spay/neuter services to more than 6,000 pets. The upcoming clinic is expected to complete approximately 1,200 surgeries in just five days. It is a significant investment in prevention that helps reduce future shelter intake and supports responsible pet ownership across Austin.
High-volume, high-quality spay/neuter clinics offered at no cost are rare, and many pet owners face procedure costs ranging from $75 to several hundred dollars, along with wait times that can stretch for weeks or months. This clinic removes those barriers by providing same-day services at no charge.
“This clinic is about prevention,” said Austin Animal Services Director Monica Dangler. “When we provide accessible spay and neuter services, we’re helping families care for their pets while also reducing strain on shelters like ours and improving safety across our community.”
Austin, TX
Why is Austin so warm in February?
AUSTIN, Texas — February is typically one of our cooler months in Austin, Texas.
In 2021, a series of ice storms and snow storms caused mass chaos and is a winter storm that Austinites will never forget. Now, instead of worrying about scraping ice off of our cars, we’re grabbing the swimsuits.
Austin is in the midst of one of the warmest February’s in the city’s history. This year’s January cold snap lingered around for Feb. 1, but since then, only two days have been slightly below average. Compare that with 20 days above average, with the rest of this month expected to have temps in the mid to upper 80s.
But how does this compare to our warmest February ever? We don’t have to go back too far to find the hottest February on record in 2017. The average high temp was 76.5 degrees with 12 out of the 28 days spent above 80 degrees.
Other years in the top 5 were 1999, 1976, and 1957 with each year having numerous days above 80 degrees. So far, 2026 has ten. Plus, I’m forecasting 2 more 80 degree days. Should we hold onto this weather pattern, this will be in the top five hottest February’s of all-time.
Austin is in the midst of one of the warmest February’s in the city’s history. (Graphic: Michael Crowley)
For some, this heat may be just another day to grab the swimsuit or head outside and work up a sweat, but this has meteorologists sweating for different reasons. We are in a serious drought now.
The latest drought monitor released on Feb. 26, 2026 has 9 of the 13 counties in the CBS Austin viewing area in an “extreme drought,” which is the second worst category of drought conditions.
The latest drought monitor released on Feb. 26, 2026 has 9 of the 13 counties in the CBS Austin viewing area in an “extreme drought,” which is the second worst category of drought conditions. (Graphic: Michael Crowley)
In the past 190 days, two of those days have had rainfall over 1 inch. Our current streak of 123 days in a row with less than 1 inch in rainfall is one of the longest since 2000.
Combine the heat and the rainless days, and you get a flash drought. Opposite of a flash flood, hot temperatures rapidly dry out the soil and drought conditions can worsen quickly. With the dehydrated vegetation, dry air, and above average temperatures, you’re now looking at dangerous fire weather.
We’ve already had several fires reported across Central Texas in just the past week. The Nebo Mountain Fire in Gillespie County and the Cedar Gulch Fire in Burnet County. With this above average heat and below average precipitation, we are especially vulnerable.
But there is some good news.
The start of March looks to be starting off very warm, but our pattern looks to become a bit more active. Our long-term futurecasts look to be favoring more showers and storms possible for the first few weeks of March.
Remember that we are also getting closer to our severe weather season. So while we do need the rain, we must remain safe in case we get locally high rainfall amounts in these thunderstorms and be mindful of tornadoes and damaging winds.
Hopefully we can see an improvement in this drought and heat, but history is made in different ways every year nowadays. Maybe it’ll be for the right reasons this time around.
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