Right now, the multifamily market is strong nationwide, but according to Ten-X Commercial, there will be a downturn in the next three years. Ten-X says there are some markets built to last while others just don’t have what it takes .
The top five “buy” markets are Houston, Raleigh-Durham, Salt Lake City, Fort Worth and Charlotte. Ten-X says these markets are flush with demand driven by strong local economies. Here are the highlights for each of these hot markets:
Houston: An upturn in the energy sector is fueling the local economic growth and bolstering rents. Rents are up 6.1% year-over-year and its vacancy rate is down 50 basis points YoY. Things are looking good for H-Town.
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