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…

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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…

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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…

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2021 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…

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Economic 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…

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It'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…

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Use 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…

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