Continuing the story I posted earlier on the proliferation of rentals in Dallas, I finally had time to check MLS stats and was blown away. Unless my fingers screwed up, I found that for first quarter 2011 there were 12,341 home sales in Dallas — single family plus condos — and in that same time period, there were 6288 leases of the same inventory. Holy macaroni, that’s half!
Total leases from January to July 1, 2011:
33,242 homes sales
Houston, we’ve got a tsumani change going on in the rental market.