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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 choosing to rent their homes instead of buying. On a national basis, almost two million (or 48 percent of) high-income households became renters between 2007 and 2017.

“In Dallas specifically, high-income renters grew 91 percent from 2008-2017,” said Apartment List research associate Rob Warnock.

Why? At least in Dallas, it may be the sheer volume of luxury apartments available. (more…)

BoomHow big of a boom is Dallas experiencing? What North Texas town had more housing voucher denials than the other metros tested in a recent study? How does Dallas compare to the rest of the country when it comes to rental increases? How does Texas rank among big states when it comes to information you can get about your Realtor?

We’ll check all of that out in this week’s look at real estate news. (more…)