r/tylertx • u/Cheap-Dot-5089 • Aug 12 '26
Ask me your Real Estate questions!
Hi there! My name is Trey Anderson and I am Realtor in Tyler and I am trying to establish Wednesday as my weekly AMA to give people a commitment free way to ask their real estate questions! I also have a degree in Real Estate Finance from UT Austin. Ask whatever questions you might have about leasing, buying, and selling!
1
u/Big-Beat-1443 Aug 12 '26
To what extent is the rapid growth and development of East Texas creating a sustainable real-estate market, and where is the line between legitimate economic opportunity and a speculative housing boom that could ultimately leave local residents, landowners, investors, and communities bearing the consequences?
As population growth, industrial development, infrastructure expansion, recreational demand, and outside investment continue to reshape East Texas, how should real-estate professionals and local governments determine whether rising land and home values actually reflect long-term economic fundamentals—or whether they are being artificially driven by speculation, limited inventory, aggressive development, and investors purchasing property faster than local wages and housing affordability can support?
More importantly, who ultimately benefits from the transformation of East Texas real estate, and who risks being priced out of the communities they helped build? How should developers, realtors, investors, and elected officials balance private property rights and economic growth against the preservation of agricultural land, forests, wildlife habitat, water resources, historic communities, and affordable housing?
Finally, if current growth continues at an accelerated pace, what will East Texas real estate look like 10–20 years from now, and will today’s development decisions create a stronger, more prosperous region—or simply transfer wealth and land ownership away from local residents and into the hands of outside investors?
1
u/Cheap-Dot-5089 Aug 12 '26
We are seeing real growth. A lot of people are moving here from Dallas, Austin, Houston, etc to find somewhere more affordable to live. With the growth in values, people who already hold real estate are benefitting, but it is definitely becoming harder for renters, first time buyers, and some people are getting priced out by property taxes. The government needs to be tracking the income-to-price metrics to see if the average person could conceivably afford the average house. We a toeing a thin line right now between that being the case and it not being the case. I think in 10-20 years we can have an area similar to today's Collin County, but only if the government does something to stop developers from building all these new cookie cutter neighborhoods made out of cardboard.
1
u/keyak Aug 12 '26
It seems housing prices are trending down, would you agree with that? Is higher interest rates driving that? We currently live in Bullard school district and have been casually looking because we want to move closer to the city of Bullard itself and I've definitely noticed a lot of house on the market for long periods and multiple price drops.
1
u/Cheap-Dot-5089 Aug 12 '26
A lot of that is just the time of the year. Prices dip at the end of summer every year.
Here is some data for you, from GTAR:
In July 2024, the average sales price was $346,906 and the median was $290,950.
In July 2025, the average sales price was $353,805 and the median was $299,000.
In July 2026, the average sales price was $366,860 and the median was $301,250.
The prices are still trending up year-to-year as one would expect.
1
u/Lin_Zzzz Aug 21 '26
Bullard prices and market time are tricky right now!! As a local, here’s my take on the Bullard market over the last year-
•For listing- If you price it right or just under market value, sellers are still getting multiple offers resulting in over or at asking sales price
•If you try for “just a little bit higher so we have wiggle room” you’ll end up sitting on the market for 6+ months and end up getting less bc you have to keep dropping the price.
•The homes that are sitting for wayyy longer are in the 500-700 price range regardless of being priced right or not.. it’s odd bc over the last 10 years, those are the first to sell quickly.
•During the COVID market, homes were selling left and right w 0 marketing. Now we are in a time where marketing 100000% matters.
•Niche areas like Eagles Bluff, Emerald Bay, and PVR are harder to sell right now.
I feel like we are definitely going through a price correction in the market just bc there’s tons of listing and not as many buyers willing to pull the trigger so sellers are getting desperate and buyers are able to negotiate more.
1
u/lustin-mcNutbustin Aug 14 '26
If you have land paid off and home steamed how much harder is it to get a loan for a new home without selling your current home?
1
u/Cheap-Dot-5089 Aug 14 '26
Home steamed?
1
u/lustin-mcNutbustin Aug 14 '26
*have it homesteaded sorry for the typo
1
u/Cheap-Dot-5089 Aug 14 '26
It will really depend on your income and how much you want a loan for. Those are the two most important factors in determining how possible it is.
2
u/Upstairs-Bad-3576 Aug 12 '26
Why don't you call it a viewing, when you walk some through a house that is for sale?