Real Estate Center at Texas A&M University

Historically Low Inventory Drives Q2 Housing Market in Texas, Economists Say

By Joanna England / July 27, 2020 / 0 Comments

Despite the COVID-19 crisis, real estate is one of the few industries that kept churning, though the number of home sales across the state have trended downward in the second quarter of 2020 according to the Quarterly Housing Report from Texas Realtors. However, economists at the Real Estate Center say that though the market has […]

Read More

Texas Residential Inventory at Smallest in 3.5 Years, Luxury Homes Flood Market

By Contributor / July 15, 2020 / 0 Comments

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 More

Number of Existing Homes Sold Drops to 2012 Levels

By Contributor / June 24, 2020 / 0 Comments

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 […]

Read More

Possible Texas Economic Rebound After COVID-19, Drop in Oil Prices Researcher Says

By Candy's Dirt / June 17, 2020 / 0 Comments

From Staff Reports Lower oil prices plus a pandemic mean Texas’ economy is being hit harder than the world and the rest of the United States. But a researcher monitoring the state’s weekly economic heartbeat, says he detects positive signs.  “After flattening the last two weeks of May, the Texas weekly leading index increased during […]

Read More

Property Tax Notices Give Homeowners Sticker Shock, Governor Puts Reform on Local Plates

By Joanna England / May 25, 2020 / 2 Comments

Property tax appraisal notices appeared in mailboxes this week, causing many cases of the vapors all around the Dallas-Fort Worth region as homeowners saw higher tax bills during a time of extreme economic uncertainty. The amount of Tito’s Handmade Vodka consumed as a result was not immediately clear. But one thing is certain — both […]

Read More

3 Reasons That 2019 Was Texas’ Record Year for Home Sales

By Brandi Addison / February 15, 2020 / 0 Comments

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 […]

Read More