The nation’s market impacts San Angelo real estate

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SAN ANGELO, Texas (KLST / KSAN) – Recent reports suggesting the nation may see the real estate market begin to slow down going from a “sellers” to a “buyers” market. However, in San Angelo, real estate professionals expect prices to remain high even as inflation drives rates.
There will be some time before we are able to notice any slowing in the real estate market as buying continues in the city, but it may get worse before it gets better.

Aaron Nelson, Texas Realtors Political Actions Committee Trustee, says, “the market is crazy, and has been, but, you know with inflation, everybody’s talking about that right now. So, there’s a good chance that rates are about to go up a bit. And we’ve got some headroom before it really starts making a difference in slowing down the market but if they creep up too much if they get closer to maybe 4%, then we’re going to see…

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