Texas Real Estate agents are Overwhelmed. The Future is in the South and Here’s Why! by Sharon Bartlett.

By Sharon Bartlett

TEXAS REAL ESTATE AGENTS ARE OVERWHELMED. THE FUTURE IS IN THE SOUTH, AND HERE’S WHY?

Texas housing market is one of the hottest selling markets in the U.S. and the whole of North America. Several property owners are selling while buyers are snapping up houses as fast as they could.

The housing market has provided an opportunity for sellers to make a profit and real estate agents who are currently overwhelmed by contracts and negotiations to earn more. A lot of buyers need help getting home. Plus, some of them are outsiders who aren’t familiar with the state. Therefore, they need a real estate agent.

NORTH TEXAS IS A MORE PREFERRED DESTINATION FOR TOURISTS

From a historical and statistical perspective, North Texas has been the eye candy of most tourists and immigrants. This is because the North has a more stable economy and slightly more attractive spots. Until a few years ago,

the real estate market started to skyrocket because of the increasing demand and low supply. The ongoing boom caused bidding wars and crushed low-class and middle-class homebuyers’ hopes of purchasing a home.

Despite being more popular and eyecatching than South Texas, the future of the real estate business is now in the latter. House prices are also gradually skyrocketing, although it’s nothing compared to what’s happening in the Northern part yet. Sales are also increasing massively and the solid job market is another reason for the healthy market.

Four River Association of Realtors reports that the average costs of houses in Seguin rose 40% in February 2021 compared to 2020. Buyers who intended to purchase a home with last year’s information were unable to get home to match their budget. Inventory for February was made up of 29% of houses priced between a hundred thousand dollars and $199,999. Those worth between two hundred thousand dollars and $299,000 accounted for 55.6%.

JOB SECURITY IS AMONGST THE FACTORS DRIVING HOME SALES

Undoubtedly, this makes South Texas a seller’s market. The inventory is one month, which means that houses are selling pretty fast. Real estate agents can make a good deal from properties sold in this period. Cities like Seguin have become an attractive spot for investors because of their closeness to metro cities, easy commute, and high job diversities. While other cities prevented their employees from working during the pandemic, people still worked in South Texas.

The market is getting competitive as the day passes. Therefore, this could be a chance for buyers to make a move before prices go up further. However, they can’t do this without the help of a Texas real estate agent. Houses face multiple offers now, and buyers are on each other’s necks to win a bidding war. It’s

CONCLUSION

Yes! The future of the real estate business is now in South Texas. Judging by the market analysis, house prices may double in the next twelve months as more people immigrate and job opportunities remain stable. The housing bubble may not burst because of Texas’s stable and robust economy.

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The Power Is Now Media is an online multimedia company founded in 2009 by Eric L. Frazier, MBA, and is headquartered in Riverside, California. We are advocates for homeownership, wealth building, and financial literacy for low to moderate-income and minority communities. The Power Is Now Media corporate office is located at 3739 6th Street Riverside, CA 92501. Ph: 800-401-8994 Website: www.thepowerisnow.com.

References

https://www.seguinedc.com/news-and-media/p/item/34335/housingmarket-booming-in-south-texas https://www.dmagazine.com/publications/d-magazine/2020/ september/dallas-real-estate-market-pandemic-2020/ https://www.texasmonthly.com/news-politics/texas-real-estate-boom/ https://learn.roofstock.com/blog/dallas-real-estate-market

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