Houston real estate and rental market growth stalls, CoreLogic says

  • Single-family rental growth has slowed in the high-end tier as of May, while the lower end of the market has remained strong throughout the nation, at 5.3 percent annual growth.
  • The Home Price Index in Texas saw a reported 6.7 percent annual increase as of June 2016, and the monthly rise in June was 0.9 percent
  • Houston was the only metro that saw negative growth in single-family rentals of the large markets reported.

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CoreLogic’s Market Pulse for August 2016 reports on the national market and local trends, including a new inside look at the rental sector. Similar to the data company’s CoreLogic Home Price Index (HPI) and CoreLogic Case-Shiller Index, the new Single-Family Rental Index (SFRI) measures the growth of the rental market since January 2007.

After a massive growth spurt at the tail end of 2009 and into 2011 and steady growth that continued for a few years after, the SFRI shows rental price gains have recently begun to soften.