Apartment Rents are continuing to climb across the Clear Lake, and Houston, Texas areas, and as long as the market will bear it, they will continue to rise. We are having a tough time keeping up with demand, so that's why there are 39 new apartment rental properties under construction in the area, just in Houston, Texas alone! See more about this topic here and daily as I continue to keep my blog current for my customers and future customers. This was taken from the National Apartment Association, (The National Apartment Association (NAA) is America's leading advocate for quality rental apartment housing. NAA's mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public).
Orange County (Calif.) Apartment Rents to Jump 4 Percent
Digested From "Forecast: O.C. Apartment Rents to Jump 4 Percent"
Orange County Register (CA) (03/07/12) by Jeff Collins
According to the Marcus & Millichap's National Apartment Index, the Orange County, Calif., apartment market is expected to see lower vacancy ratings and higher rents this year. The report ranked the county fifth out of 44 U.S. metro areas and third out of the state's seven metro areas. Researchers are predicting that apartment residents will likely see an average rent increase of about 4 percent in the O.C. Additionally, they expect the vacancy rate to drop to 3.9 percent countywide. Unaffordable houses and younger workers moving out of their parents' homes are big reasons for the changes.