Houston rental growth slowing dramatically amid oil slump (HBJ)

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Paul Takahashi
Rents for Houston homes and apartments are still rising, albeit at a much slower pace amid the oil slump, according to two new reports.

Apartment rents grew by 1.7 percent year over year in December, the sixth straight month where year-over-year rents fell. For comparison, apartment rents grew 5.5 percent in December 2014, according to Axiometrics, a Dallas-based multifamily data provider.

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