Abilene-area October rents and security deposits for single-family homes were relatively flat when compared to the preceding 12-month rent average, bringing an end to the climb in tenant rent across the summer and early fall. This average rent of $877 for October 2014 fell slightly below the … Continue reading...
September 2014 Rental Report
Abilene area September rents for single-family homes rose slightly when compared to the rents a year ago and the preceding 12-month average, restoring a rising trend in rent seen across the summer. This average rent increase to $911 for September 2014 translated into a 3% increase when compared … Continue reading...
An ! Cost ME $10,329.44? Decoding Real Estate Prose
In Chapter 2 of Freakonomics (which is salciously titled How Is the Ku Klux Klan Like a Group of Real-Estate Agents?), Steven Levitt takes on real estate agent word choice, asserting that, sometimes, real estate agents obscure negative attributes with vague terms when describing a listing. He offers … Continue reading...
My School’s Better Than Yours: Does District Matter When Renting?
In his presentation to the Big Country Apartment Association, John Hill - economist and real estate agent with Barnett & Hill - considered the impact of location and, more specifically, elementary schools on lease rate and days on the market for Abilene rent houses. In the presentation, … Continue reading...
August 2014 Rental Report
August brought little change to Abilene rentals. Abilene area rents during August for single-family homes were comparable to the preceding 12-month average, dampening a 3-month gain in rents over the summer. Abilene rent houses sat empty the same amount of time as the prior 12-month … Continue reading...
July 2014 Rental Report
For a third straight month, single-family homes rented for more per square foot and rented faster in July 2014 when compared to the preceding 12-month average. Average July 2014 rent rose to $952 for a 6.7% increase over the average rent from the last 12 months. More conservatively, total July … Continue reading...
June 2014 Rental Report
For a second straight month, single-family homes rented for more per square foot and rented faster in June 2014 when compared to the preceding 12-month average. As seen in May 2014, the size of units available for rent in June 2014 were consistent at 1,299 square feet, but fell relative to … Continue reading...
May 2014 Rental Report
In most Abilene neighborhoods, single-family homes rented for more per square foot and rented faster in May 2014 when compared to the preceding 12-month average. While overall rents were down, so was the size of units available for rent. With a decrease in square footage by 1.7% and drop in … Continue reading...
April 2014 Rental Report
Unit rent fell 4.9% percent when comparing April 2014 rents to an average of rents in the preceding 12-month period. This leasing trend is a continuation of rents realized in March 2014 which also fell below the preceding 12-month average. This data utilizes NTREIS data on leased properties in … Continue reading...
March 2014 Rental Report
Unit rent fell 1.1% when comparing March 2014 rents to an average of rents in the preceding year. This, combined with a decrease of .6% in the average rental size of leased units, contributed to .7% decrease in rent per sqft for units leased in March 2014. This data utilizes NTREIS data on leased … Continue reading...