Skip to main content

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

Austin real estate

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

avery ranch homes

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

View of Lake Austin with a reflecting sky

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

Avery Ranch Homes

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

Avery Ranch House

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

379 Steamboat Crossing, Dripping Springs, Texas 78620 Paul and Maureen Dyson

Record-breaking Texas Land Sales as Buyers Migrate

April 21, 2021

“Texas city-dwelling buyers descended on rural locations in latter 2020,” according to the Texas Real Estate Research Center at Texas A&M University. Due to both pandemic fears and urban unrest, buyers purchased 552,707 acres of Texas land for a record $1.69 billion. The increased demand caused statewide land prices to increase 3.1 percent to $3,064Read More

texas land

Rural Texas Properties Experience Surge in 2020

February 26, 2021

Sales for small rural properties surged in the latter part of 2020, possibly boosted by concerns over COVID-19 and civil unrest in urban areas, according to the Texas Real Estate Research Center at Texas A&M University’s See Ya Later, Next-Door Neighbor: Urban Buyers Stampede to Rural Texas by Charles E. Gilliland. According to the article,Read More

dripping springs homes

Texas Home Sales Set for Large Increase in 2021

January 19, 2021

Single-family home sales in Texas are expected to increase over eight percent in 2021, according to the Texas Real Estate Research Center at Texas A&M University. Sales “are expected to maintain a rapid clip this year with an 8.4 percent projected increase,” said Center Research Economist Dr. Luis Torres. He said, “That assumes mortgage ratesRead More

Texas Homeownership Hits All-time High

November 23, 2020

Texas’ homeownership rate hit an all-time high of 70 percent in September 2020, with Austin leading the way in Texas’ Urban Triangle, according to the latest Texas Housing Insight report from the Real Estate Center at Texas A&M University. This rate placed state homeownership higher than nationally (67.4 percent) for the first time since 2012.Read More

Austin real estate