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Texas Housing Market: Prices, Trends, Predictions 2024-2025
https://www.noradarealestate.com/blog/texas-housing-market/
NORADAREALESTATE writes:
“The Texas housing market, once a red-hot symbol of the nation’s post-pandemic housing boom, is showing signs of cooling. While this might alarm some, it presents a unique opportunity for those looking to enter the market or make a strategic move. Let’s dive into the latest data and trends shaping the Texas housing market.
Texas Housing Market ReportHome Sales Take Major Downhill Slide in June
Texas witnessed a significant dip in home sales in June 2024, a trend mirrored in major metropolitan areas across the state. This slowdown can be attributed to several factors, including rising interest rates and persistent inflation, which have impacted affordability for many potential homebuyers.
- Texas saw a 14.2% month-over-month decline in seasonally adjusted home sales in June, totaling 23,791 homes sold.
- Each of the “Big Four” cities – Dallas, Houston, Austin, and San Antonio – experienced double-digit percentage decreases in sales.
- Dallas led the decline with a 16.8% drop, followed by Houston and Austin at 14.5%, and San Antonio at 13%.”
Read more in the original article below:
noradarealestate.com
Texas Housing Market: Prices, Trends, Predictions 2024-2025
Here are the latest Texas housing market predictions for 2024 and 2025. Click for information on the Texas real estate prices & trends.
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