Houston’s real estate sector isn’t in too much trouble — yet
Loan delinquency rates are still at comforting lows.
December 7, 2016 Updated: December 7, 2016 10:59am
There hasn’t been much good news for Houston’s real estate sector in recent months, with the oil-fueled building wave crashing onto the rocks of a price collapse.
Office vacancy rates now stand at 17.1 percent, according to the most recent reportfrom Colliers. Marcus & Millichap expects apartment vacancies to rise to 7 percent by the end of the year, up from 5.8 percent in the third quarter. Hotel revenues per available rooms have been declining, as new facilities come online, with fewer business travelers to fill them.
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