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The Raub Blog


Similarities of Austin & San Antonio Apartment Markets

by admin on July 29, 2010

From Robin Davis of Austin Investors Interests, LLC:  Although less than an hour apart, the Austin and San Antonio apartment markets rarely operate at the same pace. This year, however, the markets seem to be on the same track and it is a good ride. Like Austin, the San Antonio area has seen positive increases in both occupancy and rental rates, with occupancy reaching over 90% for the first time since mid-1998. A slow-down in construction in this area has enabled previously added product to fill up and stabilize, allowing absorption to  reach over 3,000 more units occupied since the end of 2009. Unfortunately, sales in both markets has seen a decrease in both volume and value, while the number of foreclosures, distressed sales and properties in receivership has increased. You can track these properties on their website at www.apartmenttrends.com.

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