Houston Rent vs Buy

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

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

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

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

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

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 …