More Million-Dollar Homes Sold in Texas in 2022

January 17, 2023

Over one quarter of Austin homes sold for $1 million or more The number of Texas homes that sold for $1 million or higher increased 17 percent in a year-over year comparison, based on sales from November 2021 to October 2022. This according to the Texas REALTORS® 2022 Sales of Million-Dollar Homes in Texas Report,Read More

Demand for Texas Land Backs off Feverish Pace

December 12, 2022

“Demand for rural Texas land surged in the wake of COVID-19 and unrest in the state’s urban centers. However, that demand has since slowed along with price growth,” stated the takeaway from a Texas Real Estate Research Center report on land sales in Texas. The unusually large demand for Texas land first appeared following theRead More

Texas Housing Insight

November 17, 2022

The housing market in Texas “continues to cool,” according to Housing Insight by the Texas Real Estate Research Center. The report cited increasing mortgage interest rates as the cause of diminishing housing affordability and, thus, demand. In September 2022, home sales fell 15.5 percent in Texas, according to the report. “Under the aggressive monetary policies,Read More

Texas Rural Land-Buying Frenzy Wanes

October 26, 2022

The rural land frenzy Texas experienced during and post-pandemic appears to be waning. According to Texas Land Market Latest Developments by the Texas Real Estate Research Center at Texas A&M University, rural land sales volume in Texas dropped 26.5 percent from mid-2021 to mid-2022. TRERC Research Economist Dr. Charles Gilliland said, “Clearly, activity appears toRead More

Economic Outlook in Texas

June 30, 2022

“In coming months, the Texas economy will face either prolonged high inflation, the pain that tends to follow from fighting inflation, or possibly both,” said the Texas Real Estate Research Center in an article entitled, “Outlook for the Texas Economy.” Headline inflation as reported by the Bureau of Labor Statistics increased 8.5 percent in MarchRead More

Outlook for Texas Housing Affordability Outlook

May 30, 2022

Home prices in Texas continue to rise at a strong pace, according to a Texas Real Estate Research Center’s article, “Texas Housing Affordability Outlook.” The first quarter of 2022, Texas homes experienced a year over year increase in median price of 18.4 percent and a first-quartile sales price increase of 17.4 percent. This resulted inRead More

Is Texas’ Land Rush Slowing Down?

April 22, 2022

In 2021, Texas rural land sales reached “unprecedented highs,” surpassing the previous year’s sales by 17.8 percent. Yet, the year ended with a “surprising slowdown,” according to the Texas Real Estate Research Center, with 953 fewer sales than in the previous fourth quarter. “Fourth quarter 2020 was crazy,” said Dr. Charles Gilliland, research economist withRead More

What Will Texas Real Estate Look Like Going into 2022?

September 15, 2021

The Texas Real Estate Research Center released its 2021 Mid-Year Texas Housing & Economic Outlook, pointing to a more stable Texas housing market heading into 2022 once home inventory shortages from shutdown-related issues subside. The Research Center release stated that home listings have reached a “trough” and now are rising, easing some of the priceRead More

Home Prices Soar in Texas, while Sales Dip

June 24, 2021

The median price for a home in Texas rose in April 2021 for the fourth consecutive month, increasing 17.3 percent year-over-year to a record-breaking $289,700, according to the Real Estate Center at Texas A&M University’s Texas Housing Report. The Texas market experienced a “shift in the composition of sales toward higher-priced homes due to constrainedRead More

Texas Housing Sales Crunch Amidst Restriction

May 25, 2021

Texas housing sales were down 0.8 percent month over month in April 2021, constrained by lack of inventory, as well as higher prices and mortgage rates, according to the Texas Real Estate Research Center at Texas A&M University. “The number of new MLS listings rose for the second straight month in April, but Texas’ monthsRead More