What Buyers Need to Know about Texas Housing Market Trends?

The Texas housing market has been offering opportunities for homebuyers around different price points. Before applying for a home loan, it’s essential to understand the latest market trends, interest rates, and economic factors that can impact your purchase. Please check out what buyers need to know before securing a mortgage for a home in Texas: Home Prices Are Stabilizing but Still Competitive Texas has seen an increase in home prices over the past few years and has been driven by population growth, economic expansion, and high demand. While the growing appreciation of home values has started to slow down, prices remain strong in major cities like Austin, Dallas, Houston, and San Antonio. If you're planning to buy, you should prepare for a competitive market where desirable properties still receive multiple offers. Mortgage Interest Rates Are Fluctuating Interest rates can help you determine your monthly mortgage payment. Over the past year, rates have experienced...