Texas Real Estate
From Staff Reports Texas Realtors recognized outstanding members and local Realtor associations during its annual Texas Realtors Winter Meeting, which took place virtually Feb. 16-18. “Last year was an unprecedented year in Texas real estate,” said Marvin Jolly, chairman of Texas Realtors. “This past year, Realtors in the Lone Star State went above and beyond…
According to Census estimates, Texas added 537,000 to 582,000 incoming residents in 2019. The Census estimated outgoing residents numbering between 435,000 to 471,000, yielding the 100K net gain. Texas also gained 192K to 220K residents from outside the U.S. in 2019.
The National Association of Realtors released a report showing strong growth for existing home sales in December despite economic worries and a pandemic. Total existing-home sales increased 0.7 percent from November to a seasonally adjusted annual rate of 6.76 million in December, the report stated. Sales in total rose year-over-year, up 22.2 percent from 5.53…
From Staff Reports After accounting for seasonal factors, existing homes sold through Texas Multiple Listing Services fell to their lowest level since 2012 amid public health precautions and social distancing measures. “The month of May marked the housing market’s deepest decline thus far during the ongoing COVID-19 pandemic,” said Dr. James Gaines, chief economist for…
Negotiating real estate contracts in the middle of a global pandemic has never been so nebulous. Thankfully a Texas Association of Realtors’ COVID-19 Addendum is helping smooth the process. I had a closing set for the end of March 2020 — in the midst of a city-wide mandated “Stay-at-Home” Order. I represented the residential purchasers,…
