Texas Market Update
OCTOBER 2019 TEXAS HOUSING INSIGHT
Texas housing sales increased 1 percent in August, reaching a record-breaking 30,421 homes sold through a Multiple Listing Service (MLS). Falling interest rates continued to support mortgage applications for home purchases and refinances. Read More
LATEST MARKET UPDATE
Find out more about the latest stats for 2021. Read More
TEXAS HOUSING AFFORDABILITY INDEX
The Texas Housing Affordability Index (THAI) measures the ability of a household earning the median family income to qualify to purchase the median-priced home. The index is the ratio of median family income to the required income to qualify for a purchase mortgage loan at the current interest rate. Read More
MONTHLY REVIEW OF THE TEXAS ECONOMY
The Texas economy accelerated job creation in July 2018. The state gained 377,100 nonagricultural jobs from July 2017 to July 2018, an annual growth rate of 3.1 percent, higher than the nation's employment growth rate of 1.6 percent. The nongovernment sector added 372,700 jobs, an annual growth rate of 3.6 percent, also higher than the nation's employment growth rate of 1.9 percent in the private sector. Read More
TEXAS HOUSING INSIGHT
Texas housing sales fell 3.2 percent as activity slowed, especially in the $200,000-$300,000 price range. Housing demand, however, remained particularly strong amid the state's continued economic expansion. Developers accelerated supply-side activity but struggled to match demand. Read More
TAX REFORM AND HOME OWNERSHIP
Prior to the tax reform, homeowners could deduct the interest on their mortgage debt up to $1 million. The new law cuts the interest deduction on mortgage debt up to$750,000 for new mortgages. Read More
2017 TEXAS HOUSING RECAP
The impact of Hurricane Harvey and the subsequent flooding is not fully captured in the August data. The short- and long-run effects of the disaster and recovery process are considered and may result in some data revisions in future reports. Read More
FORBES NAMES DALLAS THE #1 RENTAL MARKET FOR 2017
The Forbes “Where to Invest in Housing in 2017” list is out and the Lone Star State is in! Texas is home to three of the Forbes ranked top real estate investment markets. Dallas takes the number one spot followed by Fort Worth at #9 and San Antonio at #20. Read More
2017 REAL ESTATE ECONOMIC OUTLOOK
What to Expect:
Mortgage rates will increase to a modest 4.5%, which is not dramatic enough to keep buyers out of the market. Read More
FIRST QUARTER TEXAS HOUSING INSIGHT
The Texas economy continued to grow in January but at a tepid pace in the face of a weakening global economy, lower energy prices, and a strong dollar. Total employment expanded but was weighed down by the manufacturing and oil and gas extraction sectors, especially in Houston. Read More
GLOBAL REAL ESTATE VS. EQUITIES INVESTMENTS
The total value of all developed real estate on the planet reached a whopping $217 trillion in 2015, according to a new report released on Monday by U.K.-based real estate adviser Savills. Read More
OUTLOOK FOR THE TEXAS ECONOMY
The Texas economy grew tepidly in May. The number of jobs in the state increased only slightly for the month. Annual employment grew primarily due to the services sector, trade, and leisure and hospitality. Read More
KEEPING AN EYE ON HOME PRICES
SECOND QUARTER TEXAS HOUSING INSIGHT
TEXAS HOUSING INSIGHT
No copyright infringement intended. All of these information are from the Real Estate Center Texas A&M University.