Today’s Luxury Katy Apartment Is Tomorrow’s Affordable Housing

aaronlayman Houston Texas Apartment Rents, Houston Texas Apartments, Katy Texas Apartment Rents, Katy Texas Apartments, Real Estate 0 Comments

The deals of free rent in Katy Texas apartments are still going strong as the Houston area continues to grapple with a saturated multi-family housing market. As the saying goes, today’s luxury apartment is tomorrow’s affordable housing. This is certainly the case in Katy Texas where luxury Katy apartments are still coming to the market with generous incentives like two …

Houston Rent

96 Percent Of New Houston Apartments Class-A Units

aaronlayman Development, Houston Texas Apartment Rents, Houston Texas Apartments, Katy Texas Apartment Rents, Katy Texas Apartments, Real Estate 0 Comments

Virtually all of the 20,200 apartment units delivered to the Houston market in 2016 will be class-A units, meaning luxury apartments. According to a Marcus & Millichap year-end multi-family report, 96 percent of Houston’s new apartments, 19,400 were luxury apartment homes. With the Federal Reserve driving an echo bubble in asset prices, combined with the major bubble in shale oil, …

Houston Apartments For Rent

Houston Has More Luxury Apartments Than It Needs

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Houston has an oversupply of luxury apartments. The Houston luxury apartment glut is a result of the weak local economy and the irrational exuberance that also exemplified the shale oil “miracle”. Developers jumped on the liquidity freight train refusing to look at the sustainability of the boom, and now Houston is adding more apartments than jobs. This is something I …