Texas Real Estate Research Center
A new report from the Texas Real Estate Research Center reveals higher mortgage interest rates are contributing to declining housing affordability statewide in the second quarter.
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From Staff Reports Increased migration to Texas, particularly from higher-income states like California, has prompted concerns of diminished housing affordability as newcomers search and compete for housing. However, new analysis by the Texas Real Estate Research Center indicates migration patterns offer little explanation for the recent runup in home prices. “There is essentially no correlation…
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The home price index for the Dallas-Plano-Irving areas jumped 24.56 percent last quarter.
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The word from Dr. Luis Torres, a research economist for the Texas Real Estate Research Center at Texas A&M University, is that the frenzy is over according to the indicators he’s following.
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From Staff Reports According to a recent report from the Texas Real Estate Research Center, the Lone Star State added 95,000 jobs in September, a 0.8 percent increase over August. It exceeded the nation’s growth rate of 0.1 percent. Texas has gained jobs in 16 of the last 17 months and needs to gain almost…
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