Eden
REAL ESTATE
Reducing zoning regulations may ease housing prices, Texas Comptroller says
WICHITA FALLS (KFDX/KJTL) — Texas must build over 300,000 homes to meet updated housing affordability, Texas Comptroller Glenn Hegar announced on Tuesday, August 27. It’s a crisis that’s been years in the making. And while Wichita Falls maintains a relatively static population of just above 100,000, local developers say an imbalance of supply and demand stays relevant.
Poll: 90% of Texans say housing affordability is 'a big problem'
(The Center Square) – Nearly all Texans polled, 90%, say housing affordability in Texas is a problem, according to a University of Houston Hobby School of Public Affairs and Texas Southern University Texas Trends 2024 survey. Throughout the report’s analysis, high property taxes and rising homeowner insurance costs are cited as the top factors impacting homeowners and renters. Across income brackets, Texans say “housing affordability is a big problem.” They...
Median home price in Texas jumped 40% between 2019 – 2023
HOUSTON – The Houston Chronicle reports that the median home price in Texas jumped 40% between 2019 and 2023, according to a new report from Texas Comptroller Glenn Hegar’s office, the latest sign that it is becoming less and less affordable to live in most places across the state. Hegar warned on Tuesday that skyrocketing housing prices threaten the state’s economic growth, and he said a big part of the problem is not having enough homes to keep pace with demand. “My family moved here in the 1840s,” he said. “People say, ‘Oh, why’d they move here?’ Well, the same reason people are moving here in 2024. Why? For an economic opportunity for themselves and for future generations. A big piece of that economic opportunity is being able to afford and have a roof over your head.”
How to Invest in Texas Real Estate
Investing in Texas real estate can allow you to benefit from the state’s economy and population growth. Whether you choose residential, commercial, or land development, understanding local market trends is essential. Key strategies include securing financing, researching zoning regulations and property taxes. You should also consider the help of a real estate financial advisor to […] The post How to Invest in Texas Real Estate appeared first on SmartReads by SmartAsset.
State report shows Texas needs more homes to meet housing demand, Corpus Christi seeing impacts
CORPUS CHRISTI, Texas — The state comptroller recently gave an update in a recent report detailing how Texas needs to build more homes in order to bring down its housing costs. A side effect being an intense and often very expensive situation for anyone looking to one day to...
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