Remember studying the 1850s-era Gold Rush in your 7th grade American history class? Everybody went wild, ditching their day jobs, heading west and wading into mountain streams with a pan and a dream.
That’s what this real estate market feels like. The new Gold Nugget is housing and there’s a crazy rush to snap up homes no matter what the cost—many times leaving logic at the curb.
Compared to last year, the average home price in the Central Texas real estate market has risen 25% and the number of listings has decreased by a whopping 75%, according to the 2021 Texas Real Estate Research Center and Texas Association of REALTORS®.
For potential buyers AND sellers, this seems like a market that’s gotten completely out of control. Read more