COLLEGE STATION (Real Estate Center) – Earlier this year we ran a survey asking Texas real estate agents to tell us the biggest challenge they’ll face in their job in 2015.
Of our roughly 100 respondents, 44 percent said their biggest challenge will be the lack of housing inventory. Check out the state's low month's inventory figures to understand why.
Affordability and price levels will be the biggest challenge for 23 percent. For an in-depth discussion on this, listen to the Feb. 26 episode of the Real Estate Red Zone. Housing market expert Dr. Jim Gaines discusses the Texas Housing Affordability Index.
Just under 19 percent cited oil price uncertainty as their biggest challenge. If you share that concern, read Gaines' article on how oil prices impact the state’s housing market. It might surprise you.
The biggest challenge for 8.4 percent of respondents will be getting buyers qualified for loans. One person elaborated on this, writing: “Mortgage companies and/or underwriters wanting insurmountable documentation from approval conditions, especially on great credit scored people with excellent jobs and money in the bank.”
Finally, 5.25 percent cited uncertainty in the job market as their biggest challenge.
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