GAME of HOMES – supply-demand struggle – part 2 – also ABSORPTION RATE

In homes $150,000 to $300,000 in popular Tyler schools with an ABSORPTION RATE of 63.64% for a 6 month period.  TEXAS has been a leading state for domestic migration since the mid-2000s + one of 5 states for international migration.  Texas’ relatively low cost of living, strong economic growth due to the most recent oil boom & lightly regulated commercial environment have attracted businesses and people to the state.  While the number of households in Texas grew 1.5% from 2011 to 2015, new housing units increases 1.2%,  drawing down existing-home inventories to record lows.  PART 3 NEXT TIME