Stone Oak Client Update | August 2023
Real Estate Market Update
The real estate market seems to be cooling off according to a recent article that is based on recent board data. As we’ve mentioned previously there is more rental property inventory coming online which is increasing competition for prospective tenants and driving down rents. This trend is continuing and means you must be priced competitively to lease a property, and raising rents when renewing may end up causing a vacancy if it is too aggressive or drives the rent above the market rates. At least one blogger who specializes in real estate has posted an article recently supporting the assertion that being competitive in the leasing market is more important now than it has been for a long time.
Heat and Wildfires
If you’re here in Te...