Texas Real Estate
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…
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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,…
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To a great many homebuyers, a Realtor is an essential part of the process of buying real estate. But whether real estate-related businesses are considered an “essential service” in the age of coronavirus shelter-in-place orders is yet to be decided. That’s why Texas Realtors has asked Gov. Greg Abbott to consider real estate-related businesses as…
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Last year was a record year for the sale of Texas homes for three particular reasons, according to the Texas A&M University Systems Real Estate Center. At 356,576 homes sold throughout MLSs in 2019, research associate Wesley Miller said there was a combination of reasons for the growth: Low interest and mortgage rates Domestic migration…
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Staff Reports Real estate purchase by international homebuyers brought $7.8 billion to the Texas economy, says a new report from Texas Realtors. From April 2018 to March 2019, Texas accounted for 10 percent of all homes purchased by international homebuyers in the United States, with 18,310 home sales out of 183,100 nationwide according…
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