High demand, limited supply in housing market, according to Texas A&M research economists

The housing market in Bryan-College Station is experiencing a slow decline in supply as demand for homes grow, which in turn is causing prices to increase, according to Luis Torres, a research economist at the Texas Real Estate Research Center at Texas A&M. “That should alleviate some of the price pressure and the demand is going to be a little bit weaker, and we are going to go back to more sustainable levels of price growth we saw in the housing market in Texas. “The demand has been so strong that for the really good properties, or the ones in the right neighborhoods, there have been multiple offers.

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