Posted 2/16/2024, 7:04:05 AM
Texas Housing Market Still Hot as Prices and Demand Rise, But Supply Relief Seen in 2024
- Home prices and demand expected to keep rising in Texas due to population growth and companies relocating there
- Mortgage rates predicted to drop from 2023 highs but not likely to go as low as 2-3% again
- Home construction and sellers expected to increase supply in 2024
- Experts say a housing market crash is unlikely due to shortage of homes
- Prospective homebuyers urged to work with a real estate agent to understand their options