Rental Market
From Staff Reports The landmark American Rescue Plan Act of 2021 provided some financial relief for Texans, but hundreds of thousands of renters facing eviction as the federal moratorium expires on March 31. It’s a ticking time bomb for the rental market. “The short-term multifamily outlook is less than ideal,” said Dr. Luis Torres, Research…
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More and more people are choosing to rent, economists are finding, but Apartment List found in a recent study that one particular — and somewhat surprising — segment of the rental market is booming: high-income renters. The report deems those with six-figure incomes as high-income renters, and a growing number in this income bracket are…
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A new report from Apartment List analyzes the top trends in the 2017 rental market and predicts their impacts in 2018. For example, the report highlights the increase in the homeownership rate after a decade of declines, as well as the decrease in the share of rental units considered affordable to the lowest-income renters. Although…
Read MoreTwo new reports paint a bright picture of the housing market in Midland and Odessa now and for the next three years. The Local Monitor Reports, released today, cite a 7 percent increase in Midland home prices over the last 12 months, which puts the average home price at $183,463. In Odessa, prices have gone up 5 percent…
Read MoreTwo new reports from Local Monitor Report are projecting big increases in home values in Midland and Odessa over the next three years, almost double the national average. Prices are predicted to rise even more. Home values for Midland are forecast to increase by 8 percent over the next 12 months—compare that to national forecast of 4.6…
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