As expected, transaction activity in Houston’s multifamily market in 2023 decelerated sharply throughout the year. Elevated borrowing costs, coupled with economic uncertainty and persistent wide bid-ask spreads for property pricing, weighed on investment activity, and across Houston, the total number of properties traded fell to its lowest number since 2010.
High Rates and Economic Uncertainty Aside, Multifamily Investors Remain Bullish on Southeast Houston
Workforce Housing-Heavy Area Towers Over the Rest of Houston for Most Units Sold
CoStar Analytics
January 3, 2024 | 8:38 P.M.
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