More than Half of Austin Residents are Renters

As housing  affordability declines, the percentage of renters is expected to increase. Rental rates are projected to rise 5% during 2016. The property investors that I know feel that property taxes are chewing them up and spitting them out.  So the tax coffers are taking in the majority of rental increases.

Here is a great article on how the rising rents impacts our economy:

Click HERE to read the one of my favorite reports in 2016 from the Austin Business Journal.

This entry was posted in ATX Housing Stats, ATX Lender, Austin Business Journal, Austin Home loans, Austin Mortgage Broker, Austin Mortgage Lender, Austin Mortgage Rates, City Bank Home Loans, City Bank Mortgage, Culture Map, For SALE, Investment Property, Janhillmortgage, Market conditions and tagged , , , , , , . Bookmark the permalink.

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