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Is the Texas Housing Market Slowing?

4/16/2024

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Prime Capital Corporation, led by President Jerald Turboff, is a Texas real estate company focused on commercial and residential properties. Jerald Turboff and his team work in all areas of real estate in the Texas market, from brokering to consulting to asset management.

The Texas real estate market experienced exponential growth during 2015. A demand for housing increased new home construction as well as sales of existing homes. The boom directly benefited real estate-related businesses, such as construction companies, real estate brokers, and appraisers, as each made or stands to make more money than in previous years.

The sharp increase in sales leaves some people wondering if this boom is a bubble that will burst, as seen during the recent recession. While analysts are somewhat divided on the future path of the Texas real estate market, many prognosticators do not view the demand as a bubble waiting to burst. However, most opine that growth may slow across the board or even flat-line in some areas. Still, investing in the Texas real estate market may be both a good long-term and short-term financial decision.

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