Hyatt Regency San Antonio

Clients expect agents to know everything about the process of buying and selling a home, but with the constant regulatory changes and market adjustments … well, it’s best to stay abreast of everything, right?

That’s where the fantastic seminars put on by the Real Estate Center at Texas A&M University come in. The center will host its 27th annual Ad Valorem Taxation seminar on Aug. 28 – 30 at the Hyatt Regency Hotel in San Antonio. What’s better than getting your continuing education credits out of the way right next to the Riverwalk? Yeah, I couldn’t think of anything, either.

If you want to save a few bucks, register before Aug. 7 for the earlybird fee of just $485. The regular registration fee is $515.

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Dallas, be grateful! We are rebounding! Things are looking up!

That is, according to the Jan. 31 Local Market Monitor report for the Dallas-Plano-Irving market. For me, this just re-affirms what Realtors and sellers are telling us: Well-staged homes that are priced right are flying off the market in record time. And we’re head-and-shoulders above the national market, too!

Home values for Dallas- Plano- Irving are forecast to increase by 2 percent over the next 12 months. Nationally, prices are forecast to increase by 1.2 percent. In the second and third year, prices are forecast to increase 5% and 7%, respectively.

To what do we owe this success? Well, it’s a mixed bag, but a lot of it has to do with job growth and economic recovery. There has been a 2.5 percent increase in overall job growth, with sectors such as finance experiencing a renaissance of sorts.

According to economist Mark Dotzour at the Real Estate Center at Texas A&M University, corporations are moving to more business-friendly climates and taking their jobs with them:

Let’s face it. Employers come to Texas and other southern locations because they feel that they can make a higher profit. Taxes are a major consideration. So is the cost of labor. Clearly businesses are moving away from areas with a high concentration of unionized labor.

Does this ring true for you? What do you think is the reason for our uptick in sales and existing home prices?