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Texas Real Estate Expectations For 2021

The Texas real estate market had a busy year during 2020, and it’s looking to continue that course in 2021. The deals taking place all over the Longhorn State have reached record-breaking numbers. Here, members of the Haute Residence network in Texas provide their insights on what they expect for their markets in 2021.

“We can expect the sharp economic rebound in the Houston housing market to spread well into the 1st half of 2021 (not sure how long it will last). One thing for sure, I strongly urge both buyers and sellers to take advantage of the economic swing as it is a win-win for both sides.” – Elisa Linton, Humble/Kingwood, Houston, TX, metropolitan area.

“The San Antonio market is one of the most desirable in the country with warm weather, outdoor spaces and high quality of life.  Texas continues to show positive job growth as new businesses are relocating to Texas every day.  San Antonio has some of the most affordable housing in the state and with inventory hovering around a 2-month supply and cost of funds convincing buyers there has never been a better time to upgrade.” – Jennifer Shemwell, President, Phyllis Browning Company, San Antonio, TX.

“Austin real estate is poised for another record-breaking year in 2021. The number of companies relocating to Austin and the jobs they are bringing, combined with the incredibly low interest rates are driving tremendous demand from buyers in our market.  The largest challenge we are facing is the lack of inventory.” – Barbara Van Dyke, Austin, TX.