Texas Real Estate Shifts Toward Buyers
Texas home sales drop 4.5% as inventory rises 29%, marking a shift toward a buyer’s market
Texas home sales drop 4.5% as inventory rises 29%, marking a shift toward a buyer’s market
Listings reach three-year high in March, yet economic jitters slow buyer activity
Falling mortgage rates are a plus, but homes sitting on market for longest span in five years
14.3% of homes under contract failed to close, Redfin data shows
But January new home sales were still up 11% year-over-year
Mortgage applications up 6.3% before mortgage rates fall slightly over holiday weekend
Sales remained steady leading up to Election Day
Economists conflict on sales predictions for remainder of 2024
However, higher prices and mortgage rates are slowing demand.
U.S. pending home sales decline most in four Florida metros