HOUSING in TEXAS

Median home price of residences in Texas during the 4th quarter 2015 shows  a 5.5% increase from same time in 2014.   Housing inventory also rose from 3.4 months compared with 3.1 months the year before.  A balanced supply is 6 to 6.5 months.  Falling oil prices could cause some lay-offs & up the housing inventory.  Some of these workers could move to construction.  Texas homes are on the market about 60 days.  WITH INTEREST RATES STILL LOW NOW IS A GOOD TIME VISIT WITH A LENDER AND BUY!!