Dallas-Fort Worth's apartment market is cooling off, as occupancy rates fall for the third straight quarter to 93.6 percent, but the market is still in healthy shape, one expert says.
The reason behind lower occupancy: A ramp-up in apartment construction and home sales.
"Dallas-Fort Worth is one of only a handful of markets nationally where apartment development has already topped historic norms," said Jay Parsons, the National Market Analysis Manager at Carrollton-based MPF Research, a division of RealPage Inc., wrote in an email Monday.
Read more...DFW apartment market takes hit, but still strong, expert says - Dallas Business Journal
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