Apartment occupancy rates and rental rates are up throughout Texas markets, according to ALN Apartment Data. Not surprisingly, with the growing shift from home ownership to rental, rent is going up. Credit constrictions making it more difficult for potential home buyers to get financing are pushing more and more people into the rental market. It appears to me that this marks the onset to true inflation across the country. Couple this with the lowest interet rates in many years and a relatively soft real estate selling market makes this a great time to buy a home.
Also, rising fuel cost makes it important to carefully consider the advantages of closer to work and play.
|Austin||93.6%||up 5.1%||$838||up 6.5%|
|Dallas||90.4%||up 4.2%||$773||up 2.5%|
|Fort Worth||89.2%||up 3.6%||$675||up 2.2%|
|Houston||87.3%||up 2.9%||$747||up 0.3%|
|San Antonio||90.5%||up 3.4%||$704||up 2.7%|
|Lubbock||92.8%||up 3.1%||$623||up 2.2%|
|Amarillo||91.7%||up 3%||$596||up 1.4%|
|Abilene||92.8%||up 2.1%||$588||up 1.3%|
|Corpus Christi||91.6%||up 3%||$696||up 3.1%|