New REC report: Texas multifamily market outlook positive
Overall market trends for the majority of Texas areas (metropolitan and micro) show positive occupancy rate growth combined with positive rent growth. Only Bryan-College Station and Lufkin registered negative rent growth.
Interest rates should continue to remain low as inflation pressure remains subdued combined with low future growth expectations. A declining trade environment and a slowing world economy are the greatest headwinds to the Texas economy, challenging some of the state’s most productive industries like oil and manufacturing.
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