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Screen tenants thoroughly to avoid costly issues; skipping checks can lead to significant financial losses. Budget 1%-2% of property value annually for maintenance to prevent minor issues from escalating.

New-home sales in Texas' four largest markets fell in August, with the three-month average dropping to 5,803 from 5,977 in July. Sales dipped in Dallas-Ft. Worth, Houston, Austin, and San Antonio, showing minor declines across all cities.

In Mid-Q3, active home listings in Central Texas rose by 15.4%. The median home price fell by 4.4% to $439,990, creating buyer opportunities.

Insurance companies are increasingly exiting Texas, complicating home policy availability for shoppers. Progressive has ceased writing new policies, impacting prospective homeowners seeking insurance options.

Estabilidad a pesar de los temores: El mercado se mantiene estable, evitando colapsos importantes como el de la Gran Depresión.Factores que enfrían el mercado: El aumento de las tasas hipotecarias y los temores de recesión han enfriado el mercado desde su punto máximo.

South Texas metros rank among the top 20 coldest housing markets, offering potential real estate deals. Lower scores indicate slower markets where buyers have more time and negotiation power.

In Texas, closing costs avg $4,548, ~1.5% of a home’s sale price. For a median Texas home price of $354,300, closing costs are approximately $5,314.

In Texas, August has increased listings with an avg home price of ~$350K. November features reduced competition and lower prices, avg ~$336K, as sellers are eager to negotiate.