Navigating Texas’ Changing Real Estate Landscape: Proposition 4, Mortgage Rates, and Economic Outlook
Proposition 4 in Texas has elevated homeowner benefits by doubling property tax exemptions to $100,000, promising substantial annual savings. Concurrently, a recent decline in mortgage rates, hovering around 7.3%, offers potential buyers significant monthly savings. However, amidst these financial shifts, concerns linger about potential economic fluctuations and geopolitical tensions, prompting a need for informed decision-making. Texas stands resilient, offering a dynamic real estate landscape amidst these fluctuations.
