San Pedro apartment project exemplifies why affordable housing is difficult to build
Despite millions of dollars in additional public money, developers in San Antonio are struggling to build affordable housing amid rising interest rates and construction costs. Five years ago, San Antonio voters approved a bond package that included $20 million for the city to acquire properties and partner with private developers to build mixed-income housing. Since…
Read MoreRental market grows more competitive in Houston
Rental analysis website RentCafe has identified Houston as the Texas rental market that heated up the most during 2022’s peak rental season. The site used Yardi Systems apartment data to analyze Texas’ rental markets, examining five factors: days of vacancy, percentage of occupancy, number of prospective renters per apartment, percentage of renewed leases and percentage…
Read MoreDallas ranks first among major Texas rental markets in 2022
Over the past three months, Denton, Northwest Dallas/Bachman Lake, and Far South Dallas/Waxahachie have been the hottest submarkets in the region. DALLAS — The Dallas-Fort Worth rental market currently sits at a 92.4% occupancy, with an average rental rate of $1,497 per month on 881 square feet of space. That’s according to a December 2022 survey…
Read MoreNew year, new buildings: The San Antonio development projects to watch in 2023
There’s talk of an economic downturn in the air, but things are still looking up for commercial construction projects nearing the finish line in San Antonio. From apartment towers and office buildings to science, medical and educational institutions, there are scores of developments coming online in 2023. A familiar eatery has larger digs opening in…
Read MoreDallas Code Compliance shares tips for renters, landlords ahead of extreme cold in North Texas
The Dallas Code Compliance Services team says renters and landlords should take steps to be prepared for winter weather. DALLAS — With the wind and colder temperatures creeping into North Texas, freeze warning signs are already popping up around some apartment buildings. The City of Dallas Code Compliance team is urging tenants and landlords to…
Read More6 Houston neighborhoods set to explode in growth with thousands of new homes planned
Areas in and around Houston are again seeing a flurry of new developments that have created plans to build homes in some of the fastest-growing communities. The Houston Chronicle put together a list of this year’s coverage of neighborhoods where homes are going to be built in the upcoming years. Katy Katy Independent School District…
Read MoreGraphs show dramatic change in real estate trends in San Antonio, Bexar County in 2022
The real estate market has been fiercely hot and somewhat volatile since the start of the coronavirus pandemic, but rising interest rates have started to cool the market down a bit in 2022. Recent statistics have shown that a homebuyer needs to earn more than $87,000 a year to afford a typical home in San…
Read MoreThese areas of Austin saw the most apartment construction in 2022
New apartment complexes are going up all around the Austin area, but some areas have more construction than others. AUSTIN, Texas — Construction and new properties keep going up as Central Texas continues to grow. ApartmentData.com broke down the data about new properties opening in 2022 in the Austin Area, apartment properties under construction and…
Read MoreSetting Residents on the Path to Homeownership
The current economy has limited homeownership opportunities; Tropicana Properties is laying the groundwork to change that. Tropicana Properties is an apartment management company located in El Paso, Texas, and specializes in the Low-Income Housing Tax Credit program. Tropicana goes beyond that, though, and provides homebuyer classes for hard-working families to eventually become homeowners. Consisting of…
Read MoreQ&A: How Better World Properties’ culture of support improves retention, productivity and employee happiness
Over a career of more than three decades, Terri Clifton has played a role in almost every aspect of property management — down to helping paint apartments when it’s needed. In 2016, Clifton founded Better World Properties — a Houston-based property management company that operates 28 properties across the Houston area. In its first year…
Read MoreMarriott International Introduces Apartments by Marriott Bonvoy, Responding to Growing Consumer Demand As Travelers Increasingly Blend Work And Leisure
Press release content from PR Newswire. The AP news staff was not involved in its creation. https://apnews.com/press-release/pr-newswire/travel-business-accommodations-d4c0449695c37faf79df02305526b34e Click to copy New offering expected to spur development opportunities globally BETHESDA, Md., Nov. 9, 2022 /PRNewswire/ — Marriott International, Inc., today announced its expansion into apartment-style accommodations with the launch of Apartments by Marriott Bonvoy™. The company…
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