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Texas housing market cools in August, sales still higher than same time last year
COLLEGE STATION–Texas’ housing market slowed in August after a surge of pent-up demand inflated sales numbers the previous month. “Sales activity is no longer catching up from the economic shutdown that hindered the showing of homes and closings at the beginning of the spring buying season,” said Dr. James Gaines, chief economist for the Real Estate Center at Texas A&M University. “Existing homes sold through Texas Multiple Listing Services peaked in July as the economic consequ ...
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