The Dallas-Fort Worth apartment market showed a "renewed pop" in the second quarter, with a rise in apartment occupancy and jump in rental rates, despite a surge in apartment construction.
"We expected to see a strong performance in second quarter, but we were a little surprised by just how strong it was -- given the huge wave of new apartments under construction, plus the rebounding single-family sales market," said Jay Parsons, the national market analysis manager at Carrollton-based MPF Research.
MPF Research, along with Dallas-based Axiometrics Inc., released its second quarter data and market research in North Texas.
Read more...North Texas apartment market sees 'renewed pop' - Dallas Business Journal
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