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Rental side of housing market also scorching

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Rental side of housing market also scorching

New numbers from ApartmentData.com show that median rent in the Austin metro jumped 25% year-over-year to reach the highest level of all major Texas metros. Demand is high and persistent: In the past year, 14,763 new units opened in Austin, but 22,281 were “absorbed,” meaning they went from being vacant or not on the market to being occupied.