Houston Apartments Forecast "Sunny With A Chance Of Serious Cost Increases"

This is a hot topic and we've been trying to convey it to our clients. Properties are full in many areas of Houston, especially in the suburbs where rental rates seem to be a little lower than downtown. And yes, rents have skyrocketed. The rental rates are not expected to go down and that's why you need an apartment locator, we do the research for you. Some of our previous clients are now experiencing lease renewal increases of $200+ monthly. Quotes we provided to our clients a couple of months ago who were looking a little early are now $100 to $200+ above those prices! 

Every industry and business has been affected by shortages but especially the housing market, multifamily housing as in apartments, to homes for sale and even rental homes and that's all due to the pandemic causing a shortage of building supplies among other things.

Once you read the touchpoints of this article you'll see what we've been talking about. The largest property management companies, Greystar, and others are experiencing appliance shortages, building supplies shortages, and it's unprecedented. 

Follow the link below to read the article and please visit our website to find your apartment! We serve the entire Houston area from Clear Lake to Pearland, Katy to Conroe, and it's a free service!   

Houston Multifamily Forecast Sunny With A Chance Of Serious Cost Increases: Houston multifamily has turned a corner, but supply chain issues and competition for workers have driven up costs. 

Star and City of Houston Skyline
Contact Kathy Curtis, Texas Apartment Locators Houston today, we're a Free apartment locator service! 
                                                    


Comments

Post a Comment

Please share with friends, family and business associates! We love referrals. Ask me about our referral rewards program, visit site at AptExpert.com

Popular posts from this blog

Your Moving Checklist for Managing the Unmanageable

Image
Your Moving Checklist for Managing the Unmanageable Click on the link above for an outline of how to make your move an easy, organized task with helpful tips for planning a move.     And if you haven't yet found your new apartment home, please reach out to me, I'd love to assist you with finding the perfect place to match your location, lifestyle, budget, and amenity preferences, Free!  🤙Contact Kathy Curtis via phone, text, or visit the website and submit your contact information.  Our apartment locating service, Texas Apartment Locators Houston is a free service. We are paid by the property, there's never a charge for you to use our service.  Licensed Real Estate Sales Agents specializing in apartment locating.   🔈Shout out to busy professionals, relocating to Houston or the surrounding areas, 1st time renters, or seasoned renters, put a caring agent to work for you today.       
Read more

Why Rental Prices Are Going Up

Image
  Time Magazine Rental prices going up  BY ABBY VESOULIS - Author G arrett deGraffenreid, a 23-year-old New York University graduate student, knew the rent on his one-bedroom Manhattan apartment would jump when he saw a Trader Joe’s grocery store pop up down the block. “The writing was on the wall,” he says. What he didn’t anticipate was just how much his rent would rise. When deGraffenreid and his partner signed a lease last year, they paid about $1,600 per month. On Feb. 11, they received a notice informing them that a new lease beginning next month would cost $2,750 per month: a 69% surge. “It felt defeating,” says deGraffenreid. He responded to the notice with a plea for a more reasonable rent increase, but was met with a “brick wall” response. The gist of their message was: "There’s nothing you can do so don’t waste your time trying. Good luck!" He isn’t alone. Similarly jarring double-digit rent spikes are happening all over the country. In Henderson, Nevada, rents rose
Read more