News Summary

• Rents in Austin have fallen nearly 20% from their 2022 peak.
• Orlando, Jacksonville, Nashville, Phoenix also posted the steepest rent declines since.
• The risk-adjusted returns available in Midwest markets have always made them more suitable for investors willing to look past the headlines.
• The Midwest tends not to boom; but it also doesn’t bust, they say.
• But the best story rarely has the best ending, and investors often do not do wise investment decisions in the Midwest, the authors say.