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Houston Apartment Rents Dropped Almost 4 Percent in Last Year

HOUSTON – Houston apartment rents dropped 3.7 percent in November from November of 2015, according to a new report by Axiometrics, a multifamily data firm. Houston, which has an overbuilt apartment market, had an average monthly apartment rent of $1,053, down from $1,094 a year ago. By comparison, the national average rent is $1,278, Axiometrics reports. The oversupply of apartments ... Read More »

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