As Renting Gains Traction, Marcus Hiles Fills Luxury Void

As Renting Gains Traction, Marcus Hiles Fills Luxury Void

American society is moving towards renting over home ownership, especially for Millennials. This has greatly increased the need for good rental homes. These days, many residents see unit living as a long-term solution rather than temporary. According to research from the National Multi-Housing Council, 14 percent of the population around Texas are now renters, with that number projected to grow. In big cities, the percentage is typically higher. Approximately 41 percent of the residents in Houston are renters, in Austin 35 percent are renters, and San Antonio is at 24 percent. As Marcus Hiles says, “The American dream is now not owning a home but renting an apartment.” Because of this, the goal for Hiles and his company is to develop these multi-unit homes in the best locations, near good schools, and with all of the expected amenities within and surrounding the complex.

Read more: http://markets.ask.com/ask/news/read?GUID=32119578