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SEMINOLE – With ongoing building supply disruptions and an influx of out-of-state transfer into Texas, low supply and high demand have become a feature of the Texas housing market that lends itself to unprecedented increases in appraisal values during a period of high inflation.According to the Texas Real Estate Research Center at Texas A&M, the result has been a one-year average increase in appraisal values of 21-percent across Texas’ 254 counties, and 47-percent over two years before it dropped by four-percent in January. Builders are charging 20-25-percent more for new construction.While Gaines County remains on the lower end of that ...

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Lamesa Press-Reporter

P.O. Box 710
Lamesa, TX 79331
806-872-2177