In North Texas, housing construction increased significantly between 2010 and 2013, allowing prices to remain relatively affordable. This increased supply attracted greater migration to the area than any other large metro. However, rising interest rates and declining affordability have led to an accumulation of unsold homes in North Texas. The time a house sits on the market for over three months is now the longest since 2011. This has led to increased interest rates, with monthly payments increasing after the Fed increased interest rate in 2022 to curb historic inflation.