We’re seeing a multifamily housing boom in the Houston realty market, particularly in such hot spots as the Inner Loop, Energy Corridor and The Woodlands. This can mean brand-new apartment living options for some and a more scant market for those looking for something more affordable.
Rising land and labor costs continue to be an issue, incomes may not necessarily align with rising rents, more people are renting by choice and builders are bringing more to the market to make up for lags during the recession, experts on a panel at the National Association of Real Estate Editors said Wednesday.
Read more...How multifamily boom in Houston, nation affects affordability - Prime Property
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