Rewind: We’re Out of Houses in Texas

The holiday season is upon us and the Y’all-itics team is taking a break to spend time with family.  But for the next couple of weeks, the Jasons wanted to share their favorite episodes of 2021 with you.  We start with Jason Wheeler.  And naturally, being the “Right On The Money” guy, his rewind episode has to do with… money, and how much it takes to move into even a small home in Texas.  “We’re Out of Houses in Texas” originally released on March 30, 2021 and was our second most listened to podcast all year.  The Jasons add some new context nine months later.  But rest assured, the housing crunch in Texas is still a big problem and the affordability issue is growing in communities all over the state.

 

Original summary:

It is a seller’s market on steroids right now in Texas.  Healthy housing inventory is typically six months.  But some cities in Texas are down to days.  If you’re a seller, you’re likely receiving multiple offers, some significantly above asking.  If you’re a buyer, good luck.  It could take you a while.  Some buyers are even resorting to entering contracts without a guaranteed final sales price.  And at the end of the day, all homeowners in Texas will pay for the housing frenzy through higher property taxes.  In this episode of Y’all-itics, experts tell the Jasons to buckle up, because we’re not living in a bubble.  They say there is no end in sight.  And if that wasn’t enough, learn how that “big, stuck boat” in Egypt’s Suez Canal could impact Texas real estate.  (original release date: March 30, 2021)

 

Guests:

Todd Tramonte, Real Estate Marketer and Broker

Anne Lakusta, Real Estate Broker