Market Intelligence: Q3 Texas Update
In the past few years, multifamily markets across the Lone Star State have seen apartment demand struggle to keep pace with supply that crested to levels not seen since the 1980s. Now that supply has begun to taper off, the question becomes if – and when – demand can begin to rebalance.
For metros in the coveted Texas Triangle region, consistently strong migration alongside robust economic growth has supported demand tailwinds even prior to the 2020s cycle. But with the slowing of nationwide job growth and Texas-bound migration, industry professionals eagerly wait to see how the next 12 to 18 months will unfold.
Join RealPage® experts as they recap recent performance fundamentals in the Lone Star State and share their thoughts on the mid-to-long-term viability of Texas-based markets.
Carl Whitaker is RealPage’s Chief Economist, leading the company's team of economists and market analysts. Carl and the Market Intelligence team specialize in analyzing and disseminating economic and market trends for the rental housing industry. He primarily focuses on presenting trends in the rental housing industry to a wide audience, including investors, asset managers, operations professionals and media, among other personas. Carl has been cited in the Wall Street Journal, Bloomberg and GlobeSt and is a frequent keynote speaker for industry events. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
Julia Bunch
Content Manager & Real Estate Writer, RealPage, Inc.Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
