As Demand For Housing Rises In Texas, One Bank Is Stepping In To Support Homebuilders
While many people predicted the real estate market would be devastated by the pandemic, the reality has been quite different, especially in Texas. Home prices in some areas of the state rose by 30% in the last year, with the Texas market being described as “a pure competition at this point.”
As prices continue to rise, it has also been predicted that first-time buyer demand will outmatch the inventory recovery of the national real estate market. This means that in red-hot markets like Texas, the need for housing is greater than ever before.
Western Alliance Bank, a full-service bank with more than $60B in assets and named by Forbes as one of the best banks in America, has recognized this need and the immense growth potential within the Texas market to accommodate the mounting demand. Read more by clicking the link below.