Dallas-Fort Worth Renters Forecast in 2023

Renters in the Dallas-Fort Worth area are facing yet another hurdle when it comes to finding an affordable place to call home. Rents are skyrocketing due to increasing demand, reducing supply, and other market conditions. Homebuilders have been responding to increased demand from renters by building more apartment buildings, but at a much slower rate than the rate of rent increases. The result is an overcrowded rental market in which rents have been driven up in an effort to maximize profits. If you are near the end of your lease, the new construction market could be the best option for you! Contact me today and let’s discuss.