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Texas Faces Major Housing Market Correction as Prices Drop Across State
News Week writes:
“The Texas housing market is undergoing a substantial correction, driven by a combination of oversupply, declining demand and persistent affordability issues.
“We need to talk about Texas. Listings just hit 123,000 in April 2025. 53 percent higher than normal. And prices are now dropping across the state,” Nick Gerli, a real estate analyst and the CEO of Reventure App, wrote on X, formerly Twitter, on Thursday.
He warned that Texas is now the fourth most oversupplied housing market in the United States.
Newsweek contacted the Texas Economic Development & Tourism Office for comment on Friday via email outside of regular office hours.”
Read more in the original article below:
newsweek.com
Texas faces major housing market correction as prices drop across state
Texas has seen a surge in house building over the past few years along with a significant population rise.
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