Nearly half of San Antonio landlords offering concessions as housing market slows

Nearly half of all rental listings in San Antonio are offering some sort of concession as the national housing market continues to nosedive, according to new data from home buying marketplace Zillow. According to Zillow's numbers, 46.4% of all Alamo City rentals last month included incentives or discounts such as one to two months of free rent, waived or reduced pet deposits and reduced security deposits, to name a few. The generous offers from apartment complexes and mom-and-pop landlords are the result of a post-pandemic building frenzy fueled by low interest rates and higher-than-usual demand, according to Zillow.