WASHINGTON, D.C. – December 01, 2015 – (RealEstateRama) — Texas real estate made a strong showing in all segments of the housing market in 2015 due to continued growth in the state’s economy, jobs, and population, according to the 2015 Texas Annual Housing Report released today by the Texas Association of REALTORS
Condominium and townhome sales in Texas continued to be strong, remaining fairly consistent with the previous year’s sales volume. The 2015 Texas Condominium Mid-Year Sales Report showed that existing condos spent less time on the market than new condos, as rising land and development costs may make new condominiums less affordable for some buyers.
Kesner concluded, “Once again, the Texas housing market has exceeded expectations and is on pace to possibly set another record for home sales. The market will remain highly competitive in 2016, making housing development and affordability key areas of focus throughout the state.”
More…
