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Texas National Guard soldiers arrive in Houston on August 27, 2017, to aid residents affected by Hurricane Harvey. (Photo: Texas Army National Guard)

So many people lost everything — homes, cars, and all their possessions — in the wrath wrought by Hurricane Harvey. But there’s another category of people who were just as badly affected by this record-breaking storm: renters. 

In some cases, renters are required to continue paying rent on uninhabitable apartments and homes, and some can’t even work, with many businesses either wiped away, flooded, or otherwise damaged. If your apartment or home is uninhabitable and you’ve notified your landlord about terminating your lease in writing, the next step is finding someplace else to live. This can be daunting, but RentCafe and its parent company, Yardi, have teamed up to help.

Yardi, the California-based property management software company, has created a free online housing registry where displaced residents can find new places to live in the affected region and beyond.

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Y-o-Y-increase-in-renter-occupied-vs-owner-occupied-households-2014vs2015There is a new buzz word in real estate: Over Renter.  This term is used to describe individuals or families that make $150,000 or more annually that choose to rent a home or apartment in lieu of purchasing a traditional home.  These high-income renters certainly can purchase a home but elect to pay top dollar for renting smaller, more conveniently located living spaces … and they are happy about it.

According to a recent study by RentCafe, in the Fort Worth market alone, the number of  high-income renters has increased 77 percent since 2014.

As Fort Worth continues to increase in population, the number of renters and buyers should continue to remain at a high level.  The question remains, “is this a good thing?”

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