COLLEGE STATION – Inventory was the biggest problem Texas real estate professionals faced last year, according to an informal survey conducted by the Texas Real Estate Research Center.
The survey asked respondents what their biggest real estate “pain points” were in 2021.
Low inventory and keeping up with demand were the main hurdles for 21.5 percent of the 121 respondents.
Other issues real estate professionals faced include retaining talent (17.4 percent), inflation and supply-chain issues (14 percent), finding and retaining clients (10.7 percent), and the COVID-19 pandemic (8.3 percent).
Over half (56.2 percent) of respondents were directly involved in residential real estate, followed by 8.3 percent who were in commercial real estate.
The Texas Real Estate Research Center has a wealth of economic information online for free.
Source: Texas Real Estate Research Center