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Texas is experiencing a big drop in migration and a mass selloff in its local housing market. The result is declining home prices and a potential economic recession if oil prices remain low. Access the data for your area at https://www.reventure.app Home values are dropping most in cities like Austin, Dallas, and San Antonio, according to data from Zillow. Reventure analysis suggests home prices could fall another 5-7% in the next year alone in these cities, with a total market correction nearing as large as 30% for Austin. Homebuyers, investors, and sellers in Texas need to pay attention to the updated housing market data, because the market is shifting fast. Home builders like Lennar and DR Horton have built lots of houses in Texas over the last five years, which is resulting in a huge surge of inventory on the market today. The more inventory and homes for sale, the greater the likelihood that home values drop in the future. Sign up for Reventure Premium to see our forecasts for your market. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: / @reventureconsulting DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/