Real Estate Center at Texas A&M University

Pandemic Influencing Dallas-Fort Worth Condo/Townhome Sales

By Tommy Cummings / October 5, 2020 / 0 Comments
Condominium sales in the Dallas-Fort Worth-Arlington area decreased 5.3 percent. Townhome sales also declined 0.2 percent, according to the Texas Condominium Sales Report.

If any elephant-in-the-room factor can be gleaned from the Texas Condominium Sales Report, it’s that the pandemic is indeed influencing sales in the Dallas-Fort Worth-Arlington area. Data in the Texas Realtors’ report covers July 2019 to June 2020. In the Dallas-Fort Worth-Arlington area, the report showed condo sales decreased 5.3 percent (3,207 sold) and townhome […]

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Negative News Creates Positive News for Texas Home Prices

By Tommy Cummings / September 14, 2020 / 0 Comments

Imagine a positive coming from a negative in 2020. At the moment, it’s happening for Texas home prices. Analysts say some consumers have stronger credit profiles, more stable income and asset resources during the COVID-19 outbreak. Ironically, this has created a prosperous environment for home prices. The Real Estate Center at Texas A&M University’s Texas […]

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Finding The Right Home is The Battle For Texas Homebuyers

By Joanna England / August 24, 2020 / 1 Comment

People are definitely buying homes right now — the numbers don’t lie. But finding the right home is a struggle. That’s definitely related to inventory, which is incredibly low. Overall, Texas homebuyers cited difficulty in finding the right property in the 2020 Texas Homebuyers and Sellers Report just released by Texas Realtors. “This report provides […]

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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 […]

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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 […]

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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 […]

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