Zillow: Rent Growth Slower in Oil-Dependent Markets

March 26, 2015

Zillow Real Estate Research found that the growth of rents in Texas metros has slowed from 8.3 percent annually in August 2014 to 5.9 percent in February 2015.

The decline coincides with the approximately 50 percent decline in oil prices over a similar period.

Previous research found that about two-thirds of recent movers to Texas who came to work in the oil industry were renters.

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