Watchtower Protest is now Ballard Property Tax Protest. The same great, personalized service you expect.
Watchtower Protest is now Ballard Property Tax Protest. The same great, personalized service you expect.
As of February 2025, the Texas real estate market continues to evolve, influenced by population growth, economic factors, and housing demand. Recent data and analyses provide insights into statewide trends and specific market dynamics, particularly in major metropolitan areas.
Texas remains one of the fastest-growing states in the U.S., with projections indicating it could become the nation's largest state by 2045. This growth is driven by affordable housing, a favorable climate, and abundant job opportunities in sectors like technology, education, manufacturing, and construction. The influx of residents, notably from California and international locations, has heightened the demand for housing across the state.
The Texas housing market has experienced a stabilization in home prices. From the third quarter of 2023 to the third quarter of 2024, the median home price remained steady at $340,000. During this period, housing inventory increased by over 30%, providing buyers with more options and contributing to a balanced market.
The rental market in Texas is also undergoing changes. While new apartment constructions, especially in Sunbelt markets, have led to an oversupply, this excess is expected to diminish by the end of 2025, potentially resulting in higher rents. Regions with limited new supply, such as parts of the Midwest and Northeast, have already seen rent increases.
Austin's housing market has seen a significant increase in inventory, with homes for sale surging by 442% over the past two years, reaching nearly 9,000 properties. This rise in supply offers buyers more choices and may lead to more competitive pricing.
Dallas-Fort Worth (DFW)
The DFW area continues to attract new residents and businesses, bolstering housing demand. However, housing inventory has increased substantially, with a 342% rise over the past two years. This growth in available homes may help stabilize prices and provide more opportunities for buyers.
San Antonio
San Antonio is experiencing a unique challenge with distant Texas agencies acquiring apartment complexes and removing them from local tax rolls. While these deals aim to promote affordable housing, local officials express concerns about reduced tax revenues and transparency. This situation has prompted discussions about legislative changes to protect local interests.
The evolving real estate landscape directly influences property taxes in Texas. As home values stabilize or increase, property tax assessments may rise accordingly, leading to higher tax obligations for homeowners. Additionally, practices such as removing properties from local tax rolls can strain municipal budgets, potentially affecting public services and infrastructure.
Navigating property tax assessments can be complex, especially in a dynamic market. Ballard Property Tax Protest specializes in assisting Texas homeowners to:
By leveraging expert knowledge and a thorough understanding of local markets, Ballard Property Tax Protest helps homeowners effectively manage and potentially reduce their property tax burdens.
Note: Property tax laws and real estate market conditions are subject to change. Homeowners are encouraged to consult with professionals for personalized advice.
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