CBRE: Houston multifamily market performing ‘surprisingly’ well despite oil slump (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Paul Takahashi

Houston’s multifamily market is performing “surprisingly” well despite the downturn in oil prices, according to CBRE Group Inc. (NYSE: CBG).

“We’ve had more supply than demand, no question about it,” said Hal Holliday Jr., executive vice president with CBRE Houston’s debt and structured finance division. “ But it’s still been a good year.”

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