Real Estate Center at Texas A&M University
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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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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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…
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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…
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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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