Housing Supply:

• Texas housing supply has increased by 16% year-over-year
• Current inventory stands at approximately 5 months of supply across the state

Demand:

• Demand for Texas housing has decreased by 3.7% compared to last year
• Price reductions on active listings remain consistent with the previous year
• Properties are selling for approximately 97% of the asking price

Migration:

• Net positive, with over 4,000 more people looking to move into Texas out of the state

Economic Outlook:

• Further rate cuts may be necessary to significantly boost economic activity
• Markets display optimism about the overall economic trajectory
• The economy shows resilience, though growth is not particularly strong
• Recent 50 basis point rate cut was beneficial but not transformative
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