The Texas Real Estate Market, Texas Economy & COVID-19

The pandemic has certainly curtailed business as usual in the Lone Star State. The shut down couldn’t have come at a worse time with the volatility of the oil & gas industry that was going on simultaneously. The recovery of the economy will take some time. On the real estate side of things, even though real estate in Texas is down, the markets appear to be healthy due in large part to the robust state of things and influx of people making Texas their new home before the pandemic hit. On the bright side, the lending rates are at historic lows & that should bode well for all those on both sides of the real estate transaction when things recover. More stats here and here.

Here at Paramount Home Inspection of Texas, we continue to follow the guidelines set forth by our local & state governments wherever possible regarding COVID-19 precautions. We will adhere to what your comfort levels are whether during our verbal report or while we conduct our home inspections.