{"id":143256,"date":"2023-03-10T11:31:00","date_gmt":"2023-03-09T19:50:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-texas-housing-market-stabilized-in-2022-after-recovering-from-pandemic-shock\/"},"modified":"2023-03-10T12:40:01","modified_gmt":"2023-03-10T16:40:01","slug":"el-mercado-inmobiliario-de-texas-se-estabilizo-en-el-2022-despues-de-recuperarse-del-impacto-de-la-pandemia","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/el-mercado-inmobiliario-de-texas-se-estabilizo-en-el-2022-despues-de-recuperarse-del-impacto-de-la-pandemia\/","title":{"rendered":"Texas Housing Market Stabilized in 2022 after Recovering from Pandemic Shock"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Texas Realtors releases 2022 Texas Real Estate Year in Review report<\/i><\/p>\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">March 9, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Following two years of pandemic-related volatility, the <span class=\"xn-location\">Texas<\/span> real estate market showed signs of stabilization in 2022, according to the <i><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3806389-1&amp;h=3155669406&amp;u=https%3A%2F%2Fwww.texasrealestate.com%2Fabout-us%2Fnewsroom%2Fnews-releases%2Ftexas-housing-market-stabilized-in-2022-after-recovering-from-pandemic-shock%2F&amp;a=2022+Texas+Real+Estate+Year+in+Review\" target=\"_blank\" rel=\"nofollow\">2022 Texas Real Estate Year in Review<\/a><\/i> report released today by Texas Realtors. Consistent growth in sales prices throughout all major MSAs, a smaller range between original list prices and sales prices, and a decline in sales reveal a steadying market trend.<\/p>\n<div id=\"prni_dvprnejpgc5f1left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgc5f1left\" title=\"Texas Association of Realtors logo.\" src=\"https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg\" alt=\"Texas Association of Realtors logo.\" align=\"middle\"\/><\/div>\n<p>Lower unemployment rates, increased per capita income, and continued population growth were contributing factors to a strong seller&#8217;s market in most areas of <span class=\"xn-location\">Texas<\/span>. These robust economic conditions favored sellers as the housing supply and prices continued to increase. The number of <span class=\"xn-location\">Texas<\/span> home sales cooled slightly from 2021 while the median price hit another record-breaking high.<\/p>\n<p>&#8220;2022 was a year of encouraging trends and stabilization for <span class=\"xn-location\">Texas<\/span> real estate,&#8221; said <span class=\"xn-person\">Marcus Phipps<\/span>, chairman of Texas Realtors. &#8220;The economic conditions throughout the state resulted in another year of high demand, while the report data indicates that market dynamics have largely leveled out after the 2020 pandemic. We&#8217;re still seeing median home prices climb, but other factors such as higher mortgage rates caused a slight decrease in the number of home sales last year. We&#8217;re also seeing accepted offers come much more in line with listing prices rather than the bidding wars that had been common in many <span class=\"xn-location\">Texas<\/span> markets.&#8221;<\/p>\n<p>The 2022 median home price reached <span class=\"xn-money\">$340,000<\/span>, up 13.3% from the previous year, while the median price per square foot of <span class=\"xn-money\">$174.17<\/span> represented an increase of 15.9% from 2021 and a 35.3% jump since 2020. Homes spent an average of 35 days on the market, 1 day more than in 2021.<\/p>\n<p><span class=\"xn-person\">James P. Gaines<\/span>, Ph.D., research economist with the Texas Real Estate Research Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, commented, &#8220;The federal funds rate is likely to plateau in 2023, which will have an impact on mortgage rates as well as construction lending rates. The <span class=\"xn-location\">Texas<\/span> economy is strong, but with higher construction and mortgage lending rates, we expect sales to revert to normal levels. Supply will still be limited as indicated by low months of inventory. Additionally, work-from-home arrangements seem to be locked in, minimizing one of the reasons people choose to move. We may see this factor begin to reduce the rate of housing transactions across <span class=\"xn-location\">Texas<\/span>.&#8221;<\/p>\n<p>The number of homes sold statewide decreased by 11.3% in 2022, with 367,472 sales, after two years of unprecedented growth. Despite the decline in sales, the total number of sales is the third highest on record and the second highest total dollar volume of sales. Housing inventory at the end of the year rose to 2.7 months, an increase of 1.5 months from the end of 2021. According to the Texas Real Estate Research Center, a market balanced between supply and demand has between 6 and 6.5 months of inventory.<\/p>\n<p>Chairman Phipps added, &#8220;While we saw 30-year mortgage interest rates rise from 3.1% to 6.5% and another increase in the median house price last year, there&#8217;s still a strong demand for housing across the state. Realtors across the state will continue working with Texans who buy and sell homes to help them realize their real estate goals in 2023.&#8221;<\/p>\n<p><b>About the Texas Real Estate Year in Review Report<\/b><\/p>\n<p>Data for the <i>Texas Real Estate Year in Review Report<\/i> is provided by the Data Relevance Project, a partnership among local Realtor associations and their MLSs, and Texas REALTORS\u00ae, with analysis by the Texas Real Estate Research Center. Additional data comes from Freddie Mac, Moody&#8217;s Analytics, Zonda, the U.S. Census, St. Louis Federal Reserve, and Google Mobility. The report provides annual real estate sales data from a statewide perspective and for 25 metropolitan statistical areas in <span class=\"xn-location\">Texas<\/span>. To view the report in its entirety, visit\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3806389-1&amp;h=2705957327&amp;u=https%3A%2F%2Fwww.texasrealestate.com%2F&amp;a=texasrealestate.com\" target=\"_blank\" rel=\"nofollow\">texasrealestate.com<\/a><\/u>.<\/p>\n<p><b>About Texas REALTORS<sup>\u00ae<\/sup><\/b><\/p>\n<p>With more than 150,000 members, Texas REALTORS<sup>\u00ae<\/sup> is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. We are the advocate for REALTORS\u00ae and private property rights in <span class=\"xn-location\">Texas<\/span>.<\/p>\n<p>Media Contact: <br \/><span class=\"xn-person\">David Gibbs<\/span><br \/>Hahn Agency<br \/><a href=\"mailto:david.gibbs@hahn.agency\" target=\"_blank\" rel=\"nofollow\">david.gibbs@hahn.agency<\/a><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3806389-1&amp;h=2114615044&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg<\/a>\u00a0<\/p>\n<p>SOURCE  Texas Realtors<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Texas Realtors releases 2022 Texas Real Estate Year in Review report<\/i><\/p>\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">March 9, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Following two years of pandemic-related volatility, the <span class=\"xn-location\">Texas<\/span> real estate market showed signs of stabilization in 2022, according to the <i>&lt;a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":143257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-143256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/143256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=143256"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/143256\/revisions"}],"predecessor-version":[{"id":143266,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/143256\/revisions\/143266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/143257"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=143256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=143256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=143256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}