Developers are racing to build pricey apartments in San Antonio, but the boom might not last
More apartment units are being built than ever before in San Antonio, as soaring home prices and population growth have driven demand for rental housing to new highs, analysts say. But the boom might not last. Creeping interest rates and the same inflation that’s plagued consumers for months may soon be felt in a constricting…
Read MoreIs Austin's housing bubble bursting soon?
One Texas real estate data analytics firm predicts it could happen in three years. AUSTIN, Texas — As Austin’s median home price hit $640,000 in April, a Texas data analytics firm is predicting Austin’s housing bubble will pop in three years. What goes up must come down, and hopefully, that saying applies to Austin’s soaring…
Read MoreCouncil Recap: Once-Sacred Neighborhood Protections Battered by Austin's Affordability Crisis
City Council didn’t take any action (and had not planned to) Thursday on a draft proposal to expand entitlements for developers to build housing on the city’s major commercial and transportation corridors. But its public discussion of the issue predictably highlighted longstanding divisions in our community over how Austin should grow. “These issues that we’re…
Read MoreDallas rent prices seeing some of the highest increases in the U.S., data shows
Dallas rent prices seeing some of the highest increases in the U.S., data shows Data from rent.com shows the average for a two-bedroom in Dallas has jumped up 46% from last year. Other cities like Grapevine and Grand Prairie are seeing even bigger rent increases. Only one North Texas city saw a consistent drop in…
Read MoreBiden Creates Plan to Combat Housing Supply Limitations
Record high home prices pushed up by record low levels has been a persistent problem over the past year or so and relief seems farfetched in the short term. To combat this, the Biden-Harris Administration has announced a plan to “ease the burden of housing costs over time, by boosting the supply of quality housing…
Read MoreHow markets have changed for 6 types of properties over the past year
ymgerman // Shutterstock The wild ride of real estate continues, impacting housing markets far and wide, including existing homes, new construction homes, condos, apartments, manufactured homes, and land. Data shows exactly how wild that ride has been. Demand for property has outpaced supply in both sales and rentals, and prices don’t seem poised to level…
Read MoreRental caps and why we don't have them in Texas, explained
As rent continues to rise across the Austin metro, you might be wondering why caps aren’t more prominent. AUSTIN, Texas — A booming population, zoning regulations and supply and demand are all, in part, to blame for an increase in rental prices. It leaves many of us wondering how it’s even legal for the significant…
Read MoreHousing increasingly unaffordable in Houston, researchers say
HOUSTON, Texas (KTRK) — In the last 23 months, the average single-family home price in the Houston area has gone up from $309,975 to $410,923. That is a 32.5%increase. In that same period, the average cost of a rental home has increased from $1675 to $2075, a 23.8% jump. For some, that means the cost…
Read MoreRenting an Apartment Or Home? Here Is What Real Estate Experts Say You Need to Know
Looking for an apartment or house to rent can be stressful. Rental prices have rebounded well above their pandemic lows and are now among the major inflation pain points for American consumers, along with food and gas prices. Several factors have contributed to the rising rents, including low housing inventories. It is a vicious cycle:…
Read MoreIn DFW, Population and Job Growth are Fueling the Nation’s Hottest Multifamily Market
Danny Baker, vice chairman and leader of the Multifamily Investment Sales team in Dallas, CBRE DFW has become the epicenter of growth in North America, Danny Baker says. “We’re in the middle of a population boom that has led to DFW outperforming other markets in terms of job creation and growth as well as the…
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