Homes in Texas are staying on market for record-low time, report says


Homes in Texas are being snapped up almost as quickly as Amazon Prime Day deals. The Texas Real Estate Research Center at Texas A&M University reports that existing homes in the state stayed on the market for only a month in May. That’s a record low since the research center began tracking such data in 1997. “Mortgage rates are still hovering around 3 percent, and ongoing demographic trends continue to support housing demand,” Luis Torres,…

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