Thursday, September 29, 2011

D-FW Apartment Rents are Heading Higher

DFW apartment rents are heading higher, but this generally applies to the higher class properties. Average rents on the upper class apartments have increased about 4% year/year. That is the biggest increase since the 1990s.

Many of the lower class B or C have yet to see the rate of increases of the upper end of the market. Many of the properties in the workforce housing segment are still utilizing move in specials and other rent concessions to push occupancy. To see the full story, click on the link below.

D-FW apartment rents are heading higher | Dallas-Fort Worth Commercial Real Estate News - Business News for Dallas, Texas - The Dallas Morning News

Wednesday, September 28, 2011

Texas Still Adding Jobs in August 2011

According to the Texas A&M Real Estate Center's latest Monthly Review of the Texas Economy, Texas continues to outperform the national average in job creation. 

The state added 271,400 non-farm jobs from August 2010 to August 2011. This annual growth rate of 2.6% compared favorably with 1.0% percent for the United States. 

The state's private sector grew by 284,200 jobs. This represents a 3.3% increase compared with 1.6% for the U.S. private sector.

Texas' seasonally adjusted unemployment rate increased to 8.5% in August 2011, up from 8.3% a year earlier. The national unemployment rate decreased from 9.5%, in August 2010, to 9.1% in August 2011.