He Texas real estate market lost strength. After years of accelerated increases, several of their largest cities began to register Falls in prices of homes, a sign that worries owners and developers.
Prices in the state They increased almost 50% since 2020, promoted by internal immigration boom during pandemic and favorable fiscal conditions.
However, the fears of a recession linked to New Donald Trump’s commercial tariffs and the rise in mortgage rates cooled the demand. According to the last Redfin report, Texas concentrates Four of the ten main US cities with higher casualties Interrannuals in sales prices.
The biggest decline was recorded in San Antoniowhere the average sale price fell 1.8% Regarding April 2024.
During the pandemic, The city was one of the favorite destinations for young and retired families, attracted by accessible costs. However, with fewer buyers willing to pay the list values and a rising inventory, sellers began to adjust.
Austinknown for his thriving technological and cultural scene, registered a 1.2% drop in housing prices. Although the decline seems moderate, it is significant after years of two -digit increases. He uncontrolled price growth Between 2020 and 2023 he discouraged new local buyers and forced others to move to more economical areas.
The phenomenon especially affected peripheral neighborhoodswhere residential projects proliferated during pandemic. With less interested and greater offer, developers were forced to adjust the values to close operations.
In Dallas, The average price receded 0.8% year -on -year. Although one of the most active markets in the State remains, the inventory level rose more than 11%, which pressed the owners to accept offers below the initial price and reconfigured the expectations of gain in residential operations.
For its part, Fort Worth experienced a 0.2%decline, One of the slightest, but relevant in a state where the expectation was of continuous growth.
The brake on the arrival of new residents, the rise in residential insurance – participating after the 2024 hurricane season – and the hardening of credit requirements They reduced the demand sustained.
The deceleration in Texas marks a Cycle change in one of the states that most capitalized the real estate boom of the last five years, now conditioned by new risks and lower profitability margins.
