By Tom Zizka
June 27, 2022
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Sky-high prices and rising mortgage rates are pricing more would-be home buyers out of a dream-home.
Sky-high prices and rising mortgage rates are pricing more would-be home buyers out of a dream-home, and more people are turning to the rental market for relief while finding whole neighborhoods with a welcome sign.
The Houston Association of Realtors says single-family home rentals in Houston rose nearly 25% in the last year. Renters can find it to be a more affordable way to get into a house as developers are finding it's a lucrative way to build.
When Heather Weaver-Wehner moved her family out of an apartment and into a new home in Katy two years ago, the rental was much bigger than she was used to.
"It was also a breath of fresh air," she says.
The entire neighborhood, just off Morten Road, was built for single-family rentals. From the outside, it looks like any other community. Among neighbors, it feels that way, too.
"Here, we're all renters," says Weaver-Wehner. "You're not judged on whether you're able to buy a house, or not. You're judged as a person."
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