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

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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 vs Buy

It’s Now More Affordable To Rent A Home In Houston Texas

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Houston rents are now more affordable than Houston area home sale prices. That is the conclusion of an analysis performed by Attom Data Solutions. Both rents and home prices have risen faster than wages in many areas of the country, but the fizzling energy boom brought a lot of new apartments to Houston. This has caused a dramatic softening in …

Houston Rent

96 Percent Of New Houston Apartments Class-A Units

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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 …

Houston Rent vs Buy

Free Rent Offers Continue For Katy Apartments As Market Saturates

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If you are looking for free rent on a Katy Texas apartment, the deals are still plentiful. In a recent post looking a the rent vs buy equation for Katy Texas, I detailed how various real estate industry pundits often pad the numbers to make buying a home look more appealing than it really is. In that piece I provided …

One Month Free Plus A $1000 Visa Gift Card At Sorrel Grand Parkway

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For a limited time the apartments at Sorrel Grand Parkway are offering a free month’s rent plus a $1000 Visa gift card when you sign a 12-month lease. This new apartment development on Katy Gap Rd just west of the Grand Parkway has some lovely units, and it happens to be zoned to some excellent schools as well. If you …

2 Months Free Rent At Crossing At Katy Ranch Apartments

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For a limited time The Crossing at Katy Ranch is offering 2 months free on select floor plans on 12-month leases. This new apartment development on Katy Ranch Rd (just east of Katy Fort Bend Rd & south of I-10) has some great amenities and nice new units for those in the market. If you would like more information on …

Katy Texas Apartment Specials

First Full Month Free At Lakeside Villas At Cinco Ranch

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Get your first full month free at Lakeside Villas at Cinco Ranch. This wonderful apartment development in the heart of Cinco Ranch is also offering an additional $500 off on your second month with leases of 12-15 months.┬áIf you would like more information on available units, just fill out the short registration form at our contact page. Katy has plenty …

Free Rent On New Apartment Leases – 6 Weeks Free At Elan 99 West

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Elan 99 West is currently offering 6 weeks of free rent on 12-month leases. This new apartment development near Grand Parkway and Kingsland Blvd has plenty of new apartment homes waiting for new tenants. If you would like more information on available units, just fill out the short registration form at our contact page. Katy has plenty of new Class …

Oversupply Of Class A Apartments In Katy Spurs Competition For Renters

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Last week I detailed how Houston’s employment numbers have softened during the last year. One of the direct affects of the softening economy in the area has been a corresponding softness in occupancy for many of the newer apartment projects. With the collapse of the energy industry and subsequent fall in inbound relocation, Houston has more Class A apartment projects …