A favorable tax structure, jobs and a business-friendly environment are causing Texas housing markets to remain among the most active in the United States.
HousingWire Executive Editor Jacob Gaffney recently discussed the Texas rebound with Gerri Willis, host of The Willis Report on Fox News.
Despite Texas benefitting from jobs, an influx of new residents and active mortgage and real estate sectors, Gaffney discussed a few of the hidden risks built into the market.
"There are a few indicators that things are getting a bit hot," Gaffney said when discussing Texas real estate markets.
"We are getting an influx of unskilled labor into the state, and there’s also the issue that the number of people filing for permits is slowing down, but it seems like every week a new mortgage banker and lending division is opening up a retail shop somewhere in Texas."
See the full interview below.