Hot or Not: has Austin multi-family peaked? what about Seattle?
Which rental markets are hot and which ones are maybe not so much?
Every quarter the National Apartment Association released their Market Momentum report showing nation wide market trends that are anticipated to happen according to key decision makers within the industry.
Some expectations that stood out to me:
-Dallas (not sure if that is also Ft. Worth) is #2 for potential rent growth in the next 12 months.
-Austin is anticipated to have flat or negative rent growth during the next 12 months!!! Could it be? Did we hit the peak?
-Seattle appeared on the upswing in every metric listed within this report! That means Seattle multi-family market is either leading or in the top 5 in:
-increased investor attention
-greatest rent growth potential. Median income must be rising also, bc it's already high dollar.
-increased resident retention
-Houston was listed on every metric in a negative way. Whoa there new builds. Maybe your market needs time to catch up to all this absorption of supply.