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Condo owners in Austin, TX are taking a huge hit on values. This condo in downtown Austin has had a 40% price cut since 2022, and is now listing for below pre-pandemic pricing. This built all this supply of houses and condos in Austin and central Texas during pandemic, and now they're sitting on the market unsold. Inventory is up, and prices are dropping - down as much as 25% on average. Reventure thinks Austin could soon be a good place to buy real estate. It's now only 3% overvalued, with some
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