Texas housing inventory jumps 40%, but prices stay flat - HousingWire
Texas housing inventory jumps 40%, but prices stay flat - HousingWire
While available homes for sale are growing all over the country, it’s happening at a dramatic scale in Texas, according to state Realtors.
But Joe Rogan told me it was paradise with republican leadership and liberal policies, could he have been wrong?
We may never know.
Prices are flat, or falling? https://www.newsweek.com/texas-housing-market-falters-prices-fall-sales-drop-1927108
Two different articles, two different numbers:
the statewide median home price showed nearly flat growth, rising 0.6% year over year to $345,000.
vs
The median sale price of a home in Texas was $354,800 in June, according to the real estate brokerage, down 0.94 percent year-over-year.
The invisible hand strikes again.
That invisible hand is named Black Rock. Every time home values look like they’re going to dip, the investment firm swoops in and buys things up so they can sit on more empty houses and prevent their existing investments from losing value.
It will if people don't manage to sell and are in a situation where they have to no matter if it means they're losing money, otherwise people will just sit on their house until it sells for the price they want.
Wonder what protections squatters have in Texas.
Them property taxes and insurance ain't free. Let then sit another year hehe