The Texas housing market has cooled after a frenzy of activity during the pandemic.
The shift in attitudes is an indicator for the state's housing market, which boomed during the pandemic.
Median home prices in Texas have fallen around 7% from their highs in mid-2022, according to data from Redfin.
The decline is an outlier compared to the broader US housing market, which is still prices hovering around record highs.
But those issues are minor relative to things like economic growth and housing affordability, Fairweather says, which she described as two of the biggest factors that could determine if the Texas housing market picks back up.
Persons:
Austin, —, Peter Hoholick, Roe, Wade, Hoholick, it's, James Willoughby, Willoughby, he's, Redfin, William Wheeler, Price, Daryl Fairweather, " Fairweather, Fairweather, they're, Samuel Cobb, couldn't, Cobb, hasn't, We're
Organizations:
Lone Star, Service, Texas —, Lone Star State, realtors, Texas, Census Bureau, . Texas realtors, Bureau of Labor Statistics, BI
Locations:
Texas, Austin, California, Dallas, Amarillo, Florida , Texas, LendingTree, Fort Worth, Arlington, East Texas