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Texas home supply smallest in 3.5 years

Empty shelves at the supermarket are not the only shortage created by the pandemic. Homes are in short supply, too. “Unless a buyer is looking for a luxury home, there are fewer to choose from,” says Dr. Jim Gaines, chief economist for the Real Estate Center at Texas A&M University. “Texas’ months of inventory fell to a historic 3.2 months in May as the state’s supply of active listings plummeted to its lowest level in three-and-a-half years.” Researchers consider a six-month in ...

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