no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly. 

It will hit hard on renewal and shopping for a new carrier.

As listing inventory built up in the spring, prices softened a bit as we hit the summer months with an uptick toward the end of the year.For broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:Compared to the recent price peak in May 2022, the median single-family home price in Austin is down approximately 17%.

Eventhough prices has gone back 5% in some areas , the rent market here is limited and migration continues from northern marketsI am investor in the area and live here, my properties have similar profile and are holding well.

@Ryan BroschardHi Ryan,You have hit a common issue many new investors fail to anticipate.  

This is how I see it:Single-Family Homes:Pros:Larger pool of potential tenants (families).Simpler management (one tenant, one lease).Often easier to finance.May appreciate faster in some markets.Cons:Only one income stream.Vacancy hits harder financially.Duplexes:Pros:Two potential income streams.Live in one unit and rent the other (house hacking!)

You can still find deals that are priced from $120-180k that do positive cash flow and hit the 1% rule.

If my Tennessee property gets hit by a tornado, I can move to my Alabama place.

While none of these options allow for immediate cash flow on the property (we are on the northern CA coast) the ARMS would allow us to break even.

HOWEVER, you can still find deals that hit the 1% rule and positive cash flow.