Texas Market Update


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

  

 


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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

Years after the largest housing bust in United States history, could another boom be developing? Texas avoided much of the 1998–2006 housing boom and subsequent collapse in real (inflation-adjusted) house prices during the Great Recession. Read More
  

SECOND QUARTER TEXAS HOUSING INSIGHT

The Texas economy grew moderately in May. Total employment expanded 1.5 percent year-over-year but with a monthly gain of just 200 jobs. Job losses again came from the manufacturing and oil and gas extraction sectors, especially in Houston. Read More 
 

TEXAS HOUSING INSIGHT

The Texas economy advanced in November. Total employment expanded 1.8 percent year-over-year with a monthly gain of 20,900 jobs. Monthly job losses came directly and indirectly from the decline in the energy sector, but a trough seems to have been reached as the sector rebounded with stabilized oil prices, increased rig operation, and a narrowing in job losses. Overall employment gained momentum and currently exceeds the U.S. rate of growth. Read More 
   
     

No copyright infringement intended. All of these information are from the Real Estate Center Texas A&M University.