Rental Market
The Lone Star State’s multifamily market is competing to lead the nation in rent correction, with apartment renters gaining leverage as vacancy rates tick up and units stay on the market longer. Reliable Cash Home Buyers put together a renter leverage index using apartment listing metrics like vacancy rate, time on the market, and year-over-year…
It seems Dallas has a whole lot of work to do to make itself more livable for renters and first-time homebuyers, at least according to a couple of recent analyses surveying the national housing market. Obviously, the issue of affordability has dogged the city for quite some time now, but Dallas isn’t alone on that…
Seniors in Texas are increasingly forgoing homeownership in favor of renting, with the cohort becoming the fastest growing demographic in the Lone Star State over the past decade. Using U.S. Census data from the American Community Survey between 2013 and 2023, the single-family rental platform Point2Homes found that the six largest metro areas in Texas…
From Staff Reports Dallas-based Willow Bridge Property Co. is among the latest to be accused by the U.S. Department of Justice of using RealPage’s rent recommendation system to drive up rates and decrease competition. The DOJ lawsuit was filed in August; Willow Bridge and five other multifamily property companies were added to the civil antitrust…
Following a two-year investigation, the U.S. Department of Justice filed a civil antitrust lawsuit Friday against Richardson-based RealPage Inc., accusing the company of using an “unlawful scheme to decrease competition among landlords in apartment pricing” with its rental management software that landlords use to price apartments. “In a free market, these landlords would otherwise be…
