June 2021 RSS Feed

Found 1 blog entry for June 2021.

See what’s changed in our South Central Texas real estate market.

As you likely already know, we’ve been in a strong seller’s market for quite a while now. There are very few homes available but many eager buyers, so competition is fierce. Part of this is because new home construction has been lagging behind population growth over the past decade. Starting in 1970, there were around 10 to 12 million homes built every decade. From 2010 to 2020, however, there were only 6.5 million new homes built.

Millennials are the biggest generation now, and many of them are ready to purchase homes. Unfortunately, there aren’t enough available for them, and prices are rising rapidly as a result. Additionally, low interest rates are pushing even more buyers…

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