ALEX Labs Rental Studies: Austin had the biggest increase in high-income renters in Texas

ALEX Labs just completed analysis of Rent Cafe‘s report on Millionaire and High-Income Renters. Austin is no. 1 in Texas and no. 5 in the US with the biggest increases in high-income renters. Between 2015 and 2020, Austin had a 130% increase in the number of high-income renters. There were 7,753 in 2015 and there were 17,838 in 2020. SEATTLE IS #1 “…high-income renters nearly tripled in Seattle (169%) compared to 2015, making it the nation’s fastest-growing area for affluent renters…17% of renter households have an income of over $150,000…number increased from 12,305 to 33,111 in just five years — thanks, in part, to a healthy and diverse job market…Amazon and Microsoft, are fueling the employment needs…along with a booming biotech industry. Despite this, not even well-off Seattleites could keep pace with the growth of home prices in the last 5 years: 58%…” SEARCH AUSTIN RENTALS Austin Properties for Rent or Lease WHY WORK WITH OR JOIN ALEX? ALEX’s business model is very different. ALEX Agents and Brokers focus on clients not property type or location. They manage all client real estate transactions. Any type Any size. Almost any location. More information. ALEX REPORT LINK FOR MORE INFORMATION Diane Hart Alexander, MBA, MHA, Broker CEOAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate

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ALEX Labs Rental Studies: High-Income Renters Reach 2.6 Million

ALEX Labs just completed analysis of Rent Cafe‘s report on Millionaire and High-Income Renters. “…Renters in the…$150K+ …Highest Income Range Grew Faster Than All Other Income Groups…” Texas and California tied for States with the most cities with High Income Renters. WHY RENT? High home prices. In nine of the 10 cities where the number of top-earning renters leapfrogged considerably, growth in home prices was higher than the national average (29%). WHERE ARE HIGH INCOME RENTERS LOCATED? Texas and California tied for the largest number of cities in the US top 20 with 4 each. In Texas, Houston ranked no. 8, Austin ranked no. 11, Dallas ranked no. 12 ,and San Antonio ranked no. 20. New York has the highest # of High Income Renter Households. San Francisco has the highest % of High Income Renter Households. SEARCH TEXAS RENTALS Austin DallasHoustonSan Antonio ALEX IS VERY DIFFERENT ALEX’s business model is very different. ALEX Agents and Brokers focus on clients not property type or location. They manage all client real estate transactions. Any type Any size. Almost any location. More information. ALEX REPORT LINK FOR MORE INFORMATION Diane Hart Alexander, MBA, MHA, Broker CEOAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate

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Best in US: 2023 Top 80 New Home Markets in 2023. From PWC and ULI. ALEX Labs

ALEX Labs just completed analysis of a report just published by Price Waterhouse Cooper (PWC) and the Urban Land Institute (ULI). The report identified the top 80 metro area real estate markets to watch in 2023. Four Texas and two North Carolina metro Markets are in the top in the top 15 real estate markets to watch in 2023. All 4 Teas Markets are in existing ALEX Regions. Both North Carolina markets are in ALEX’s planned expansion into North Carolina this quarter. The remaining 74 markets are ALEX Service Areas. Rank USRank TXRank NCMarket11San Antonio21Raleigh/Durham3Tampa/St. Petersburg42Austin52Charlotte63Dallas/Fort Worth7Denver84Houston9Atlanta10Washington, DC–Northern VA11Salt Lake City12Las Vegas13Phoenix14Seattle15Inland Empire16Kansas City, MO17Sacramento18Washington, DC–District19Miami20West Palm Beach21Jacksonville22Nashville23Orlando24San Diego25Cape Coral/Fort Myers/Naples26Tacoma27Fort Lauderdale28Indianapolis29Boston30Columbus31Orange County32Philadelphia33Boise34Los Angeles35Greenville, SC36Charleston37Oakland/East Bay38Portland, OR39Norfolk40San Jose41Washington, DC–MD suburbs42Deltona/Daytona43Richmond44Memphis45Minneapolis46Cincinnati47Louisville48Northern New Jersey49Oklahoma City50Baltimore51Chicago52Albuquerque53Tucson54San Francisco55New York–other boroughs56Omaha57Spokane, WA/Coeur d’Alene, ID58Knoxville59Des Moines60Westchester, NY/Fairfield, CT61Birmingham62New York–Brooklyn63Tallahassee64Chattanooga65Madison66New York–Manhattan67Jersey City68Providence69Honolulu70Buffalo71St. Louis72Gainesville73Portland, ME74Pittsburgh75Long Island76New Orleans77Detroit78Cleveland79Hartford80Milwaukee ABOUT ALEX LABS ALEX Labs provides you with MBA research and analysis, enhanced by artificial intelligence (AI) and a team of “Super Geeks” with market disruption in their DNA. LINKS ALEX Labs Report Link:https://blog.chime.me/www-alex-realestate/2022/10/28/best-in-us-2023-top-80-real-estate-markets-in-2023-from-pwc-and-uli-alex-labs/ PWC – ULI Report Link:https://knowledge.uli.org/-/media/files/emerging-trends/2023/emerging-trends_uscanada-2023.pdf FOR MORE INFORMATIONDiane Hart Alexander, MBA, MHA, Broker CEOAlexander Tiffany Southwest dba ALEX.realestateChairman, ALEX Cares v 713.591.9902o 713.918.9951e diane@alex.realestate

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