September 12, 2016
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The Houston Chronicle reported an average yearly rental rate growth of four percent. That rate dropped by almost 1.5 percent in the most recently reported quarter of 2016. A formerly hot rental market was anticipated. This was fueled by the predicted growth in new jobs, particularly in the energy industry. Hiring in this industry is soft right now. This has weakened the housing market.

The good news is that the city expects to add 22,000 new jobs in 2016.

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