Texas Economy
Let’s just say that my eyes widened a little without the help of coffee when I read this story from Steve Brown. According to Fitch Ratings, Texas home prices are way overvalued, by 11 percent they say, and there could be a reckoning coming thanks to falling oil prices. The financial analysts at Fitch are…
Read MoreDallas is one of 15 top markets poised to attract baby boomer homebuyers because of an affordable cost of living, sunny weather, and friendly business climate, according to new research by the National Association of Realtors (NAR). NAR looked at 100 metro areas with lower state taxes (or none at all, as is the case…
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During the course of the year, spring and summer tend to be the hottest seasons for home sales, with the pace of closings slowing as fall takes hold and school starts. That’s not what happened in Texas during the third quarter of 2014, says the Texas Association of Realtors Quarterly Housing Report, which was released…
Read MoreSo, as it turns out, if household income increases, then more families have more money to buy new homes. I know. I’m totally shocked, too. What you’ll find interesting is that Texas, with our steady job market and low taxes has resulted in the Lone Star State leading median household income growth AND new home…
Read MoreIn a meeting with a major North Texas developer this week, he said to me: “I do not like Rick Perry all that much, and I do not think he is very smart. However, he is sending out a great message about Texas and we are getting all sorts of out-of-state interest in our properties.…
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