Thursday, August 9, 2018

59% of Dallas residents are renters, Zillow finds via Dallas News

Dallas is a city of renters.

And there are a lot more of them than a decade ago.

About 59 percent of Dallas residents are renting their apartment or home. That compares to a 36 percent nationwide renter rate in 2016, according to a just-released study by Zillow.

Read more... Six out of 10 Dallas residents are renters and not homeowners via Dallas News

Tuesday, August 7, 2018

Kingsley: Renter Satisfaction Continues to Rise in Q2, Renewal Intent Holds Steady via Multifamily Executive

National resident satisfaction continued to rise in the second quarter of 2018, with 77.3% of residents reporting they were satisfied overall with their renting experience. This increase continues the upward trend that began in the final quarter of 2017.

Read more... Kingsley: Renter Satisfaction Continues to Rise in Q2, Renewal Intent Holds Steady via Multifamily Executive

Renters Are On The Rise In Texas via GlobeSt

Families with minor children who traditionally buy homes by the time those children reach school-age are starting to fade. Fewer US families own homes due to soaring prices and a shortage of entry-level homes. In the decade between 2006 and 2016, the drop in the number of families with children who own homes has reached almost 3.6 million, while the same demographic living in rentals has increased by 1.9 million, according to a study by RentCafe.

Read more... Renters Are On The Rise In Texas via GlobeSt

Monday, August 6, 2018

Austin Economic Indicators 8-2-18 via Dallas Fed

The Austin economy continued to expand at a solid pace in June. The Austin Business-Cycle Index grew near its long-term trend. Although labor markets remained constrained, the metro posted solid employment growth. Wages continued to edge up, manufacturing activity grew moderately, and the housing market remained strong.

Read more... Austin Economic Indicators

Houston Economic Indicators 7-31-18 via Dallas Fed

The professional services sector continues to lead a broad-based acceleration in the Houston economy this year amid strong growth in the local labor force. Construction employment is surging as the existing-home market remains tight. Healthy growth in the Houston Leading Index and robust growth in the Houston Business-Cycle Index suggest a continued positive outlook.

Read more... Houston Economic Indicators

Friday, August 3, 2018

D-FW rent growth has slowed, but it's toughest for working families to find housing via Dallas News

Rents in Dallas-Fort Worth have climbed for yet another month, albeit at a diminished pace, following a national trend that's driven renters to pay historic amounts for their units.

The average monthly rent for all units in the D-FW area has climbed to $1,177 as of July, up by 0.4 percent from a month ago and by 3.4 percent since this time last year, according to research from rental listings site RENTCafe, which used data from multifamily real estate analytics firm Yardi Matrix to track rents for different apartment types in metro areas nationwide.

Read more... D-FW rent growth has slowed, but it's toughest for working families to find housing

Wednesday, August 1, 2018

Housing demand sees biggest drop in more than 2 years via CNBC

The long list of housing headwinds is finally taking its toll on potential buyers. Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016.

Red-hot home prices, rising mortgage interest rates, very few listings at the entry level and a high rate of student loan debt have weighed on buyers for a while, but a strong economy and growing employment had mitigated those factors. Now, however, a market stalemate is developing as rates and prices continue to rise, further weakening affordability.

Read more... Housing demand sees biggest drop in more than 2 years via CNBC