Texas Apartment Markets Could Be Courting Disaster As Oversupply Fuels Rent Declines

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Pricing power across apartment markets in Texas has slipped just as thousands of new units are coming online, sparking concerns that conditions are ripe for an onslaught of distress. Markets with the biggest development pipelines are seeing sharper rent growth declines than those with less supply underway, new Avison Young data studying the top 25 U.S. markets by inventory found. And several Lone Star metros are in the path of what could be an oncoming storm.