We discuss how current economic conditions in Greater Houston are affecting the real estate market. There’s been a lot of hand-wringing over the luxury apartment rental market in particular as many upscale high and mid-rise properties have been built across the region in prime locations, but in many cases are far from fully occupied.
We consider whether rents will drop to offer more options for working-class Houstonians, as we talk with Paul Takahashi, who covers residential real estate for the Houston Business Journal, and Nancy Sarnoff, a real estate reporter with the Houston Chronicle.