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April 2017

High Rents, it's a bird, it's a plane. . .nope, it's just economics!

In today’s apartment rental market, most renters will agree - good apartments are hard to find in the Houston and surrounding areas. Oh, there are plenty of good apartments to be found, but this definition pertains to good and low priced apartments! You know what I mean, what rents were just a few years ago! Rents today are considerably higher than just a few years ago! There are many reasons for this - demand increased, limited availability at the time. So, for the homeowners that lost their homes to foreclosure or were forced into a quick sale due to being upside down or a lost job, damaged their credit, most turned to renting apartments.