Some are expressing concern that home prices in Texas may be rising too fast. Perhaps. Or perhaps the market is adjusting to basic laws of supply and demand. Texas is experiencing a population boom that is increased by domestic immigration from other states. These new Texans need housing so it makes sense that increased demand pushes prices up, particularly in the major urban hubs of Dallas/Fort Worth, Austin, and Houston. It makes complete sense that prices are rising. If they are rising too fast, the market will sort it out.
Posted August 14, 2013 by Nathanael Ferguson