The Texas housing market is swiftly recovering as rapidly rising sales approach prehousing-boom levels and apartment rental demand remains strong. New home and apartment construction abounds, the product of a relatively strong regional economy generating jobs, drawing new residents and increasing consumer confidence.
The result: Texas home prices and rents have risen more rapidly than usual.
Further improvement is anticipated in the housing sector as the regional economy continues its expansion.
Read more...Texas Housing Recovery Gains Momentum via Dallas Fed