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Texas Housing Insight
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
If you are into analyzing data in real estate in Texas then I would highly recommend following the Texas A&M Real Estate Center. Most economists state that a healthy housing market will have homes listed for sale for around 60 days. If an average home is on the market for 60 days that means that production = demand and that first time homebuyers have a fair shot at buying a reasonable home. If someone's home was on the market for 60 days in Dallas-Fort Worth the seller would absolutely lose their MIND! We've been fortunate for about 10 years here in Texas with a robust economy. The article from the Texas A&M Real Estate Center is a great read if you are into housing numbers. We are still way below that 60 day threshold but some other indicators might be showing we are moving towards "normality".
https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight