"A wave of new construction and moderating rent growth has created a more balanced market, but in many states, rental agents are finding plenty of business as landlords and tenants navigate these changing dynamics. Renting also remains the only viable option for many Americans, as rising home prices, tight mortgage underwriting, and limited inventory continue to put homeownership out of reach for large segments of the population."
"Texas continues to be a hotspot for rental agents. Cities like Dallas and Austin are booming, with more than 81,400 new apartment units under construction statewide, according to industry data. For agents, that means a steady stream of landlords looking for tenants and tenants seeking guidance. Combined with landlord-friendly laws, including no rent control and clear eviction procedures, agents in Texas have both high volume and predictable rules to work within, making the state a lucrative market."
National vacancy rates rose to 7 percent in Q2, up from 6.6 percent a year earlier, as new construction and moderating rent growth balance the market. Renting remains the only viable option for many Americans due to rising home prices, tight mortgage underwriting, and limited inventory, sustaining renter demand. Texas leads with over 81,400 apartments under construction, landlord-friendly laws, and predictable eviction rules, generating high agent volume. Florida markets like Miami and Orlando show high demand and limited vacancy, with Miami scoring 74.6 on a Rental Competitiveness Index. Fast-growing Raleigh and Charlotte also offer expanding renter opportunities.
Read at www.housingwire.com
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