A Tale Of Land Development In Two Texas Cities

From Texas Standard: Texas cities often make it onto those “Best Places to Live” lists. But with that popularity comes population growth, and no two cities handle it the same way. That’s especially true when it comes to Austin and Houston. Mike Morris is a city hall reporter for the Houston Chronicle, and Audrey McGlinchy…

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Study finds it's cheaper to rent than to buy in Houston

Mynd Property Management manages single-family rental properties such as this house in the Cypress area northwest of Houston on behalf of investors. NEXT: The most extravagant and luxurious apartment rentals in Houston less Mynd Property Management manages single-family rental properties such as this house in the Cypress area northwest of Houston on behalf of investors….

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Rents for affordable Houston apartments set to rise

Houston rents will begin rising more quickly in 2020, especially for affordable housing stock, according to a forecast from multifamily consulting and research firm ApartmentData.com. The rent growth would follow years of post-Harvey market corrections. Rents spiked after Hurricane Harvey displaced many Houstonians, with the rate of increase slowing as families moved back into their…

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How Whole Communities Benefit From Affordable Housing

photo: Getty In the pantheon of misconceptions about affordable housing (and there are many — that it attracts less desirable residents, is inherently built of lesser quality and will drag down a neighborhood), there is the myth that a community with affordable housing couldn’t possibly be good for business. I am here to tell you…

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Development in Austin Keeps Going Onward and Upward (and Upward)

Featured Illustration: Google will completely occupy the Block 185 tower, one of several skyscrapers changing Austin’s skyline. Image: Pelli Clarke Pelli Architects Posted: 1-3-20 By Edmond Ortiz Austin (Travis County)–The capital of the Lone Star State is in the middle of a construction boom. Austin is No. 2 in the United States for overall office…

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Economic Indicators for South Texas Show Steady Growth for 2020

Feature Photo (above): View of the new harbor bridge under construction in Corpus Christi (Spring 2019), as seen from North Beach looking south. Image: Google Streets. Posted: 1-2-2020 by Adolfo Pesquera South Texas can expect steady growth in its largest markets–Greater San Antonio and the Lower Rio Grande Valley–but there are a few problem areas…

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D-FW apartment leasing slowed to a crawl in fourth quarter

North Texas apartment renters took a holiday during the final months of 2019. Net leasing slowed to a crawl, with only 168 additional apartment units occupied during the fourth quarter. That’s a plunge in rental activity from the more than 16,500 Dallas-Fort Worth apartments leased during the second and third quarters, according to RealPage. Apartment…

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Yes, in My Backyard: The Key to Affordable Housing Is More Housing

Across the United States, we hear we’re facing an affordable housing crisis. Little children, like three-year-old Ethan Wood, are living in tent cities with their parents, some of whom are seeking a fresh start after extensive battles with drug abuse. Then there are others, such as Emilee Broll, who has a full-time job with the…

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Dallas Builds More Apartments Than Any Other U.S. Metro

An industry study says Dallas is at the top of the list of 20 U.S. cities that have built the most apartments over the past ten years. RENTCafe, a website for apartment hunters, says the renter population grew at twice the rate of the homeowner population during that period. Dallas has built 149,000 units in the past…

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Here's what renters want more of in 2020

Multifamily housing has seen a lot of change and adaptation this decade. The 2020 Apartment Resident Preferences Report released by the National Multifamily Housing Council and Kingsley Associates collected input from renters all across the U.S. The report found many differences in the way we live now. From smart home technology to pet amenities and…

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Austin Had 5th Fastest Year-To-Year Rent Growth In U.S.

AUSTIN, TX — A new report confirms what beleaguered renters already know: The rent is too darn high. So high, in fact, that Austin ranked 5th in fastest year-over-year rent growth when compared to other major metros. For their November report, Apartment List researchers tracked rent growth, median prices and market trends. The upshot: Rents…

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High Austin Land Prices Pose A Challenge To Habitat For Humanity

A new Harvard University study on the state of the nation’s housing found that rapidly escalating land prices make construction of low-cost housing a challenge for cities. Central Texas has seen a rapid escalation in land prices in recent years, making it difficult for nonprofit organizations to  provide affordable housing to low-income families. Phyllis Snodgrass…

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Multifamily vacancies haven’t been this low since 2000

It’s getting harder and harder to find an available unit in multifamily real estate. In the third quarter of this year, multifamily vacancy fell to 3.6%, down 40 basis points from 2018, to the lowest level since 2000, according to a report from CBRE. On average, rent rose 2.9% year over year, slightly higher than…

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