Investors might want to reconsider that new development in Houston after reading AppFolio and Axiometric’s U.S. Apartment Forecast report. According to the trends report, some shining cities might be burning out by year’s end.
- The double-digit growth in San Francisco has steadily declined to 4 percent rent growth in the metro.
- Houston has over 27,000 new apartments coming in 2016, but may not have the job growth to accommodate new residents. Rent prices most likely to remain or even drop.
- Only 3,210 new apartments are expected in Baltimore in 2016.