September 27, 2017
Preliminary Q3 2017 numbers from Reis Inc. show that, despite more deliveries coming on line, and a hurricane in the bargain, the multifamily sector in Texas is continuing to do well. Dallas, especially, is quite strong, with Reis Senior Economist Barbara Denham pointing out that Big D is one of the top markets in the country.
“The housing market is on fire there,” she said. “As long as your housing prices are going, up, up and up, there will always be a demand for rentals.”
She added that, moving forward, vacancies are likely to tick up across the Texas metros, though she is expecting strong absorption in Houston, as residents left homeless from Hurricane Harvey scramble to rent apartments.
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