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The 100 cities most poised for a housing crisis were moved onto the next round of scoring. These 100 cities were then re-ranked and scored on the four factors above as well as (5) foreclosure rate ...
Experts do not expect a housing market crash, due to low inventory, strict lending standards and other factors. To the dismay of would-be homebuyers, property prices just keep rising.
Prices also are still on the rise, increasing 1.8% month over month, or by almost $6,000, the Texas A&M report found. Overall, 56% of home sales were priced between $200,000 and $400,000.
The Texas housing market has cooled after a frenzy of activity during the pandemic. Boomtowns like Austin are seeing home prices drop, while fewer people are moving to the state.
High mortgage rates, inflation and low supply have made the road to homeownership a difficult one as of late. While home prices seem to be cooling down, some experts are warning that a potential...
“A crash happens with oversupply,” Yun says. “A 30 percent decrease will not happen, because there isn’t enough inventory.” He believes the housing supply will balance out within five years.
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All the scores were summed and sorted to show the 2024 housing markets to avoid buying a home in Texas. All data was collected on and is up to date as of May 21, 2024. More From GOBankingRates