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Housing downturn has hit bottom

Total housing sales in 2010 will be down about 8% from last year, and will mark the bottom the downturn, says a monthly report from Fannie Mae economists. The economic outlook from Fannie Mae’s Economics and Mortgage Market Analysis Group is fairly upbeat looking ahead.

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Inventory Year Over Year in Texas Markets (1)
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Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020. 

3d rendering of a row of luxury townhouses along a street

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