So the market is softening even BEFORE interest rates rise.

They will soften over time.

It's a main artery of Indianapolis, and there are a lot of apartments that if you can fog a mirror they will accept you... haha As you go farther north or south the crime softens quite a bit..  

Time softens seller positions.  

We're seeing a similar softening in high-end properties and rents here as employment growth slows and new multifamily apartments all come on at the high-end (given, rents in these properties are double to triple what you're looking at in Houston)** I'll be keeping an eye on all this and posting back up when we get some interesting data... :)Thanks for the eyes and ears from the local TX investors!!

Part of it is weather with 300 days of sunshine a year, part is low crime and part of it is great local culture.We are a growing University town with a good number of students and more coming each semester.There probably are a bunch of other reasons, but that's a few good ones.I will also mention, since I track stats on rentals for my clients that we have seen a slight softening of the rental market (which is partly seasonal).

Once they start getting close to the total number of houses to be built, I will be watching closely for any signs of a softening market and then get out.The biggest issue is whether you can buy something at the current prices and make the numbers work.

Up until the second half of this post (of which all of us are off topic) none of what you contributed was directed to the post at hand.Furthermore, your sudden softening of tone is interesting to me.

A mistake that some SF landlords make is raising the rents to the maximum but then don't monitor when there is a softening and they lose their tenant. 

It also looks like the threshold wasn't put in properly (which was replaced two days before they moved in) and this has completely softened the laminate when you first walk in.