Texas Housing Market Could Be Getting a Major Change

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Some lawmakers are considering reforming regulations to encourage the construction of more homes.

Texas lawmakers are exploring reforms of zoning laws in cities, a move that could unlock the construction of more homes, improve the supply of houses available for sale, and reduce prices in the future.The Lone Star state had experienced significant activity during the pandemic as workers from other parts of the country flooded the area, increasing demand for homes and pushing up prices.

'We want to have good policies that encourage development in order to lower prices,' Vasut was quoted as saying by the newspaper. 'And the best way to do that is to get the government slightly more out of the way so that the free market takes off and provides a good product at a lower price.'Newsweek contacted Vasut for comment via email on Friday.Polls suggest that Texans are amenable to changes that could encourage more building.

 

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