Buying rentals in the current market

[Isaiah Hall]

Houston’s rental market stayed active in June with single-family leases up about 5% from last year, and inventory hitting a new high, up nearly 13%. Lease prices are holding around $2,400, and homes are sitting just a few days longer than they were this time last year.

So demand’s still there… but with rates where they are, it’s definitely harder to make deals pencil out.

Curious to know if anyone is still actively buying rentals in their market or waiting for more favorable shifts in rates?

Would love to hear what trends others are seeing in their local markets right now.