According to Metrostudy's first quarter 2014 survey of the Texas Housing market, first time and lower income buyers are getting priced out of the market.
Texas right now is home to the strongest housing markets in the entire country. Texas was on a different cycle long before the boom and the bust came along. Driven by past swings in oil prices, the state was already on a rapid-growth trajectory before the rest of the country went on its early-2000s building binge. Said colloquially, when Phoenix and Las Vegas caught pneumonia, Houston sneezed and kept on going, right to the top of the national market list.
Read more...The Coming Texas Housing Affordability Squeeze - WORLD PROPERTY CHANNEL Global News Center
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.