Apartment residents and owners struggle with damage from big freeze
As Texans deal with days of freezing weather and power outages, apartment owners and residents have been particularly hard-hit. Social media posts show water cascading out of Dallas apartments flooded by broken pipes. In many cases, fire sprinkler systems in the ceilings froze, then burst to send torrents into living spaces. Lauren Jacob posted photos…
Read MoreReport: Pandemic changes prompting some San Antonio renters to move from downtown to suburbs
Rent growth stayed relatively flat in the San Antonio area last year, according to a report by the San Antonio Apartment Association. Opportunities to work remotely, skip commuting, spread out in more space and spend less on rent prompted some residents to move farther away from San Antonio’s urban core last year, a report by…
Read MoreNMHC Rent Payment Tracker: 79.2% of Apartment Households Paid Rent by Feb. 6
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Dallas-area renters are still ahead of U.S. in payments
Dallas renters continue to outpace the rest of the country when it comes to keeping up with monthly apartment payments. More than 87.5% of local renters have made their February rents so far, according to the latest data from Richardson-based RealPage. That compares with the nationwide figure of 79.2% of renters who had made their…
Read MoreEviction moratorium gave renters relief but property owners face billions in unpaid rent
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Wall Street's favorite suburban housing bet is getting crowded
Wall Street’s zest for a corner of suburban real estate long left to small landlords is reaching new heights, attracting institutional investors, homebuilders and apartment managers during a pandemic that has ignited demand for larger homes. The pension manager for the Canadian Mounties is the latest investor in single-family rentals, joining JPMorgan Chase’s asset-management arm…
Read MoreTexas tenants behind on rent will soon be able to seek aid from $1.3 billion assistance program
The statewide program should start in two weeks and could help with up to 15 months of rent for tenants that have felt the impact of the pandemic. AUSTIN, Texas — State officials plan to roll out a $1.3 billion rental assistance program for Texans struggling to keep up with housing payments during a shaky…
Read MoreAustin Ranked No. 9 Overall on CBRE’s Inaugural U.S. Development Opportunity Index
with sector rankings of fifth for retail development opportunities, sixth for office, seventh for multifamily and 18th for industrial. The
Read MoreFort Worth’s apartment boom could be here to stay. Here’s what’s driving the growth
two large demographics that are staying in apartments longer than in previous generations. One group of renters likely could afford a home,
Read MoreHow Dallas Is Preparing To Get $40 Million In Rent Assistance To People In Need
With rental assistance on the way, communities are scrambling to get ready to actually hand out the money to people who need it. By Christopher ConnellyJanuary 21, 2021 3:34 pmBusiness & Your Money, Government & Politics, KERA, Partner Organizations, Texas Newsroom
Read More2021 Texas Housing and Economic Outlook
Jan. 8, 2021/News Release No. 11-0121 COLLEGE STATION, Tex. (Texas Real Estate Research Center) Economists at the Texas Real Estate Research Center have issued their 2021 outlook for housing and the state economy, a task made more difficult by unprecedented unknowns. “The economy could look different coming out of the pandemic as some changes become…
Read MoreEconomic uncertainty has caused a slowdown in rentals
CORPUS CHRISTI, Texas — A new report shows the median price for a one-bedroom apartment in the Coastal Bend is $915 per month. Due to economic uncertainty during the pandemic, some landlords say they are willing to negotiate on the price of rent. According to realtor Jacob Bocanegra, Corpus Christi has limited number of rentals…
Read MoreIt's not just renters. Landlords are struggling, too
“Some people spend their money on a bigger home or better car or travel, but we live modestly,” said Boyadjian. “Whatever money we can put together, we spend it on buying another single-family home to rent.” Typically, the rents from the homes enable the couple to cover all their expenses and earn income. But now…
Read MoreTexas has $2 billion in COVID relief funds left to spend. Advocacy groups are anxiously watching.
click to enlarge Instagram / @safoodbank Cars line up for an emergency food distribution in San Antonio. With only two weeks before the funding expires, Texas’ state government still hasn’t spent about a quarter of the $8 billion it received from the federal coronavirus relief bill. In March, the U.S. Department of the Treasury assigned…
Read MoreUse It or Lose It: Tenant Aid Effort Nears a Federal Cutoff
For several months, Gregory Heller, an official with a Philadelphia nonprofit group, has grappled with an unusual problem. He had $60 million in rental aid to help low-income tenants weather the pandemic — and a whole lot of trouble spending it. Designing questionnaires, verifying bank statements, processing stacks of paperwork: There is a wide administrative…
Read MoreAn eviction moratorium expires at the end of the month, but thousands of Texans are still not able to afford rent
Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. It’s been a rough year for Elsa Ramírez. The Houston woman lost the financial and emotional support of her husband, who was deported. She was infected with COVID-19, forcing her to isolate for two weeks…
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