We looked at places in the right neighborhoods that work for STRs a few years ago (pre-pandemic).

Compared to the recent pricing peak in May 2022, single-family home prices in Austin are down approximately 15%.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing in Austin is still substantially above pre-pandemic levels.

In 2024, back-to-school and back-to-college spending has dropped as consumers adopt a more cautious approach following the pandemic surge.

Trump was hit with the FULL FORCE of the covid pandemic.

My father was going through a divorce during the beginning of the pandemic.

I think the shift in demand is primarily due to (i) locals (within 2-3 hour drive) being more open to travel to further destinations despite the pandemic and (ii) significantly increased STR supply in the market (the number of permits in operations today are apx. 2x what they were early 2020). 

We had a 4-plex that was located near us, was managed by a good property manager, never had delinquent payments (even during the pandemic), & rarely had an empty unit.

Many owners of older hotels faced very low occupancy during the pandemic; so, many of them accepted government ICE contracts. 

TheSeattle Times editorial boardSeattle’sOffice of Housing last month released an unprecedented $14 millionto stabilize the balance sheets of affordable housing providers infinancial trouble.Turnedover to The Times editorial board after a public disclosure request,the 24 applications for emergency funding read like a collective cryfor help.Landlordsreport that some tenants are not paying rent, a trend that worsenedduring the pandemic.

I had a “420” friendly house on there and it did well until the pandemic.