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Aziz Sunderji

@AzizSunderji4,400 subscribers

Analyzing housing & the economy at https://t.co/N9hbHKtBJv Formerly Strategy Research at Barclays Investment Bank (credit/macro/EM); reporting @WSJ

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In 2021, Austin was one of the hottest rental markets in the country and San Francisco was the softest. Today they've switched places: Austin rents are down 5% over two years, SF's are up 24%. It's hard to explain that with supply! Demand—esp migration—does most of the work.

In 2021, Austin was one of the hottest rental markets in the country and San Francisco was the softest. Today they've switched places: Austin rents are down 5% over two years, SF's are up 24%. It's hard to explain that with supply! Demand—esp migration—does most of the work.

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