Dallas-Fort Worth’s booming apartment market runs out of gas in third quarter via Steve Brown

Rising rents may have put the chill on the Dallas-Fort Worth area’s booming apartment markets.

After several quarters of strong demand, the third quarter saw a slight net decline in apartment leasing in North Texas – “basically flat-lined,” MPF Research said Tuesday.

The increase in home purchases – up by almost 20 percent this year – may have contributed to the weak leasing market for apartments in some areas. Recent apartment rent hikes may have made homeownership look more attractive in some neighborhoods.

Read more...Dallas-Fort Worth’s booming apartment market runs out of gas in third quarter via Steve Brown Dallas Morning News