The gist
Leased listings rose 2.5% year over year this March, with 4,088 single-family rentals leased compared to 3,988 leased last March, according to the report.
New listings also rose 12.2% in March, with 5,721 single-family rental properties added to the Multiple Listing Service, according to the report.
Quote of note
“The Houston rental market is in a good balance as the number of homes available for rent is keeping pace with the number of people looking,” HAR Chair Shae Cottar with LPT Realty said via news release. “As interest rates have stabilized, we have noticed more people who were renting are now starting to think about buying a home. We will be watching the current economic landscape to see if that impacts potential homebuyers’ decision-making down the road.”
