jobsNeed a job? North Texas is a hot spot for jobs, and especially tech jobs. We have the details, as well as a list of finalists for the MetroTex Association of Realtors annual awards, in this week’s roundup of real estate news.

METROTEX TO HONOR BEST OF THE BEST IN DECEMBER

Twelve North Texas Realtors have been named finalists for four different industry awards the MetroTex Association of Realtors will dole out in December, the association said last week.

The association will have its annual officer installation and awards ceremony Dec. 11 at the Statler Hotel.

Finalists are:
Easterwood Cup Award (Realtor of the Year): Belinda Epps, Epps Realty; Cathy Mitchell, Keller Williams; Teresa Rutherford, Rutherford Realty. (more…)

real

Texas schools aren’t failing, but they’re close, Education Week’s annual report card revealed. The biggest mark against the state seems to be no surprise — school finance (we talked more about how school finance affects the real estate world here). (more…)

marcus-mc-cue

By Marcus McCue
Executive Vice President and Chief Business Development Officer
Guardian Mortgage Company

The national housing market remains strong, and Texas, in many respects, is leading the way with record existing-home sales in Dallas and robust price growth.

Some housing experts were surprised at just how vigorous the Texas housing market was last year. Sales and prices set records in Dallas, and new home construction in the state was the most robust it’s been in several years.

The global oil price slump presents some headwinds, however, and will challenge housing markets in some Texas regions this year. Houston, South Texas and Midland-Odessa already have felt the pinch from low oil prices, and layoffs in the energy sector have begun to ripple through other business sectors.

James Gaines, chief economist for the Real Estate Center at Texas A&M University, noted in a recent report that job losses in the energy industry haven’t stopped and likely will pick up this year. But growth in other industries such as healthcare, technology, business services, construction, and hospitality should help buoy the state’s economy.

(more…)

Two new reports from the Local Market Monitor say Midland and Odessa can expect a strong housing market for the next few years.

Two new reports from the Local Market Monitor say Midland and Odessa can expect a strong housing market for the next few years.

More good news about the real estate market in Midland and Odessa: two new reports from Local Market Monitor say the housing market in both markets is strong and should stay that way for the next few years.

According to the reports, home values for Midland are forecast to increase by 8 percent over the next 12 months, compared to a national increase of 4.6 percent. In the second and third years, prices are forecast to increase 9 percent each year.

In Odessa, home values are forecast to increase by 7 percent over the next 12 months, and 9 percent each year in the next two years.

Why this positive outlook on the strong housing market? Jobs!

Read the whole story over at MidlandDirt.com!