A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...
Texas adopted Hoover’s blueprint a century ago. Today, the bill is due in higher prices and lost liberty. Progressive-era policy rears its head in Texas housing. A century after Herbet Hoover put housing under government management, innovation has faltered, consumer choice has dwindled, and costs have exploded. Popular sentiment casts Herbert Hoover as a do-nothing,...
Housing affordability is one of the Lone Star State’s – and greater Houston’s – most pressing challenges. Recent estimates suggest Texas’ statewide housing shortage exceeds 300,000 homes, applying upward pressure on rents and prices in ways that squeeze working households, young families, and seniors looking to downsize. The gap is especially severe for first-time homebuyers,...