The cost of living in Texas is skyrocketing. Therefore, many people earning minimum wage are priced out of the real estate market. According to the 2021-Q1 Texas Quarterly Housing Report issued by Texas Realtors, the median sales price of homes in Texas reached $274,300 in the first quarter of 2021, an increase of 13.4% over the same period last year. Quoting Marvin Jolly, chairman of Texas Realtors:
Austin is heating up because everyone wants a piece of this new American dream. Young professionals are flocking Austin from left, right, and middle in search of a better life. Billionaires, millionaires, venture capitalists, and other investors are keeping tabs on Austin. Many are looking for a way in and the right moment to start the next chapter in their business journey.
Do you want to spend less money every month? Some parts of Texas can be extremely expensive since house prices are skyrocketing in major cities such as Austin. However, there are still several places throughout the lone star state which are ridiculously cheap.
Houston and Dallas, move aside. San Antonio’s suburb is about to give these metropolitan cities a run for their money. With a population of 5,371 and median home sales price of $1.322M, Terrell Hills tops the board among the wealthiest cities in the Lone Star State.
The developer Megatel Homes, which is already building “lagoon communities” in West Dallas and McKinney, said yesterday it’s bringing the lagoon craze to Forney. The $800 million Bellagio Lagoon project a little north of Interstate 20 just off FM741 will include 400 homes hitting the market in the $350,000 to $600,000 range with various amenities and a restaurant and bla bla bla—let’s talk lagoons.
AUSTIN (Austin Business Journal) — International homebuyers accounted for $4.9 billion in home sales in Texas between April 2020 and March 2021, making the state the third most popular destination for homebuyers from outside the U.S, according to a new report from Texas Realtors. Texas has held the No. 3...
Houston Agent Magazine
Nearly 10,000 homes in Texas totaling $4.9 billion were bought up by international buyers between April 2020 and March 2021, according to a report from Texas Realtors. Texas ranked third in the country, trailing Florida and California, for most popular states for buyers from outside of the U.S. The report...
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During Monday nights City Council Meeting, members proposed a vote to approve the new 2022 Fiscal Year Budget, which includes lowering the property tax rate by $.05 cents. Kristin Peeples, Chief Financial Officer for the City of Texarkana, Texas addressed Board Members, citing several changes that were made to the budget since the last meeting in August. After researching and discussing the proposed lower tax rate for the new Fiscal year, it was determined that this would be the first time the Council could lower rates since 2001. The current rate is $.70 cents, and with the adoption of the new Fiscal Year Budget the tax rate will be lowered to $.65 cents. With the adoption of the budget, houses that are valued at $100,000 will see a decrease in property taxes by at least $50. The Budget was approved during the meeting, and the Fiscal Year is set to start on October 1st, 2021 and will go through September 2022.
Texas has low taxes. Its mild winter weather appeals to many in the snowbound north. And the cost of living there is certainly lower than that of the elite coastal cities. Also nice. On the other hand, it has a political culture that launches serial attacks on voting rights and...
Hot Texas housing markets could help thousands of Texans shave thousands of dollars off their mortgage payments over time
DALLAS — Just recently, someone suggested a Right on the Money segment that could save a lot of homeowners a couple hundred dollars per month. It turns out, we had covered this topic in a Right on the Money takeover of a regular newscast on WFAA earlier this year, when we talked about how to get rid of private mortgage insurance, or PMI.
The Texas Comptroller’s Office announced Thursday they have more than $6 billion in unclaimed property, and they are ready to give it back to Texans. Texas Comptroller Glenn Hegar said more than $2 billion were returned to Texans through the Unclaimed Property program through the end of the last fiscal year, which ended Aug. 31, KSAT reported.
North Carolina had to step up to beat competition from multiple other states, including Texas, to land a national mortgage lender's expansion in Cary.
Texas, the Lone Star State, is known for its cattle, its oil, its Tex-Mex cuisine — and its low cost of living. Sure, residents put up with a lot of ultra-hot weather, but they also pay no state income tax and can spread out due to Texas’ glut of buildable land. So, residents are able […]
Real estate prices across Texas have been skyrocketing lately, really it has been happening across the country but especially here in Texas. It's ridiculous how much home values have gone up lately. Obviously, when looking for a home people want to purchase something nice, but have to stay within a comfortable price range for their budget. Which is why I wanted to find the cheapest home for sale in Texas.
WILLIS, TEXAS — Texas-based investment and development firm Fidelis has begun construction on The Market at Willis, a 69.7-acre mixed-use project in Willis, located about 50 miles north of Houston. Construction of Phase I will consist of a 200,000-square-foot shopping center that will be anchored by regional grocer H-E-B. Construction of Phase II, which is scheduled to begin in the third quarter of next year, will add more retail and restaurant space and a 250-unit multifamily community. Phase I is expected to open some time in 2022.