Texas Real Estate market
By David S. JonesSenior Editor, The Real Estate Center at Texas A&M University Empty shelves at the supermarket are not the only shortage created by the pandemic. Homes are in short supply, too. “Unless a buyer is looking for a luxury home, there are fewer to choose from,” says Dr. Jim Gaines, chief economist for…
Read MoreAlways wanted a home on Lake Travis? Horseshoe Bay? Get your checkbook ready! Our Austin and Hill Country real estate guru, Ryan Rogers of Austin-based Kuper Sotheby’s, tells us the crash in oil prices may result in great vacation home buys. Lots of “motivated seller” emails are crossing his desk now on $4 million lake…
Read MoreActually, it’s probably a combination of these factors, says Bloomberg News’ Josh Barro. States that have low or no income taxes such as Texas are also more friendly to developers, resulting in lower housing costs. Trulia economist Jed Kolko found that for every 100 people who moved to California in 2011, 120 people left. Those…
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