July 2019 make better real estate decisions Additions to the Center’s research library Monthly Review of the Texas Economy 7-24-19. How does the Texas economy compare with the national one? This report focuses on employment and unemployment and ranks various industries. Subscribe to this free report. Texas Border Economy 7-22-19. The economy along the Texas border differs from that in the rest of the state. Trade closely links the cities on both sides of the Rio Grande. This report discusses four major Texas metropolitan areas and their economic ties to Mexico. Subscribe to this free report. Outlook for the Texas Economy 7-16-19. This monthly report offers an overview of various sectors of the Texas economy, including housing, manufacturing, energy, employment, and trade. Subscribe to this free report. “Blockchain and Real Estate” 7-8-19. The emergence of blockchain technology has opened the door for a new way of completing transactions while reducing costs and increasing transparency. Real Estate Center at Texas A&M University A REAL ESTATE CENTER VIDEO previews new products and methods available to help Texans protect their homes against floodwaters and minimize damage caused by hurricanes. Related materials include “Ahead of the Storm: New Ideas in Flood Protection” and “Buying a home in a flood-prone area? Do some homework.” first.”
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July 2019
make better real estate decisions
Additions to the Center’s research library
Monthly Review of the Texas Economy 7-24-19. How does the Texas economy compare with the national
one? This report focuses on employment and unemployment and ranks various industries. Subscribe to this
free report.
Texas Border Economy 7-22-19. The economy along the Texas border differs from that in the rest of the
state. Trade closely links the cities on both sides of the Rio Grande. This report discusses four major Texas
metropolitan areas and their economic ties to Mexico. Subscribe to this free report.
Outlook for the Texas Economy 7-16-19. This monthly report offers an overview of various sectors of
the Texas economy, including housing, manufacturing, energy, employment, and trade. Subscribe to this free
report.
“Blockchain and Real Estate” 7-8-19. The emergence of blockchain technology has opened the door for a
new way of completing transactions while reducing costs and increasing transparency.
Real Estate Center at Texas A&M University
A REAL ESTATE CENTER VIDEO previews new products and methods available to help Texans protect their homes
against floodwaters and minimize damage caused by hurricanes. Related materials include “Ahead of the Storm:
New Ideas in Flood Protection” and “Buying a home in a flood-prone area? Do some homework.”
Texas Housing Insight 7-2-19. Texas housing sales inched down monthly after a record-breaking April but
continued a general trend upward. The average days on market remained stable, while lower mortgage rates
and home-price appreciation eased the decline of housing affordability. Subscribe to this free report.
Most popular on REC website 1. Texas Housing Insight
2. Outlook for the Texas Economy
3. Monthly Review of the Texas Economy
4. Blockchain and Real Estate
5. “Home Security: Understanding and Negotiating Title
Insurance”
6. “Ahead of the Storm: New Ideas in Flood Protection”
7. Texas Border Report
8. “Seller Beware: Understanding the General Warranty Deed”
9. “Livin’ Large: Texas’ Robust Luxury Home Market”
10. “Waco’s Wild Rise”
Busiest day on REC website this month: Tuesday, July 2, with 986 unique visitors.
NewsTalk Texas A sample of Texas real estate news compiled each workday by the NTT team. Click here for today’s news.
“Kalahari Resort gets funding for 200K-sf convention center”
“Routh and Howell seeing double” “New multifamily underway near Bush Turnpike” “279-room Embassy Suites Hotel changes hands” "Houston multifamily occupancy, rents up in 2Q 2019” “121K-sf Sugar Land medical plaza under new ownership” “84K-sf industrial portfolio trades hands in Austin” “Home prices grow in SA housing market”
communities among top-selling nationwide . . . Austin’s
‘Jenga’ tower wraps up construction . . . Rad! Houston
professional-level bike park opens . . . Work starts on
age-restricted community in Pearland . . . 160K-sf
industrial portfolio sold in DFW . . . Austin investor goes Hogg hunting . . . Parking garage planned near
ATTENDING HIS FIRST meeting of the Real Estate Center Advisory Committee, Troy C. Alley Jr., left, talks with Data Research Scientist Gerald Klassen. Alley, from Arlington, is one of nine committee members appointed by the governor for six-year terms. Members represent various facets of the real estate industry and the public. A tenth is an ex-officio member representing the Texas Real Estate Commission. In addition to hearing staff updates, the committee approved the Center’s 2019-20 budget. Meet the committee here. Photo by JP Beato III.
The "murderers" in the past have been financial imbalances like over-leveraging or the Federal Reserve raising rates too fast. Now, as the U.S. economy achieves the longest expansion recorded in the nation’s history, recession fears are rising, and we’re once again looking for the culprit.
“Buying a home in a flood-prone area? Do some homework first.” 7-2-19. Texas coastal cities have been hit by numerous flood events over the past 30 years, resulting in billions of dollars in damage. Recently, a reporter with Bankrate.com asked for advice for homebuyers looking to buy in flood-prone areas. The bottom line: a little research in advance can save buyers a lot of distress in the long run.
Education
Latest information on upcoming conferences
Legal Update 1 & 2 Instructor Training
Registration now open. This course fulfills the instructor training mandated by the Texas Real Estate
Commission (TREC) for those instructors desiring to teach Legal Update 1 & 2. Instructors must be approved
by TREC before attending instructor training. Visit TREC’s web site for more information.
Dates and Locations:
October 16, 2019 - Fort Worth
October 22, 2019 - Dallas
October 25, 2019 - San Antonio
November 4, 2019 - Austin
November 7, 2019 - Houston (Montgomery County)
$200 (Includes lunch) by Sept. 30, 2019, $225 after that date.
Newsmakers. July media coverage of the Real Estate Center
“A beginner’s guide to buying a U.S. ranch” 7-31-19. True Viral News (Russia).
Rural land values across the U.S. have been rising steadily since 2010. In Texas, the
home of cattle ranching, average land prices reached $2,779 per acre last year,
compared with $1,807 in 2010, according to Texas A&M University’s Real Estate
Centre.
“A&M Center: New records for average, median price set in Midland
County” 7-27-19. Midland Reporter-Telegram. June 2019 was an all-time
record-breaking month for sales price in Midland County, according to the Texas
A&M Real Estate Center.
“Is your community up or down? Home sales dip in half of
“Waco economic snapshot shows dropoff in June” 7-25-19.
Waco Tribune-Herald. “While the Texas housing market
remained strong in Q2, our markets began slowing down in
terms of transaction volume coupled with tight housing inventory,” Jim Gaines, chief economist with the Real
Estate Center at Texas A&M University, is quoted as saying in the report.
“Northwest Austin continues to have low stock of newly listed homes coming on the
market for sale” 7-25-19. Community Impact Newspaper. In May, the city of Austin had
1.7 months of inventory. A healthy market typically has six months of stock, according to
the Texas A&M Real Estate Center.
“Rents, home values rising in San Antonio” 7-24-19. San Antonio Express-News. “Prices have been going up, but it’s starting to level off,” said Jim Gaines, chief economist at the Texas A&M Real Estate Center. “San Antonio will probably continue to be a lower-cost housing market than Dallas, Austin, or Houston.”
“Report: Houston area home price gains outpace Texas” 7-23-19. Houston Chronicle. Jim Gaines, chief economist at the Real Estate Center, said that markets remained strong but began slowing down in the second quarter. "Statewide, we're seeing more of a separation in sales activity between large cities compared to medium and smaller cities due in part to increased population and job growth
concentrated in the major markets," he said. Also in KBMT-KJAC Beaumont, San Marcos Corridor News, Yahoo Finance, Builder, Connect Texas Commercial Real Estate News, Konitono News, and Dallas Morning News.
“Hot properties: These pricey Dallas-area palaces are up for grabs” 7-5-19. Dallas Morning News. So far in 2019, real estate agents have sold 705 million-dollar homes — 7 percent more than in the first five months of 2018, according to data from the Real Estate Center at Texas A&M University.
“North Texas home market gave up its gains in June” 7-8-19. Dallas Morning News. June's
dip in home purchases was enough to put total sales for the first six months of the year down 1
percent from the same period in 2018, according to data from the Real Estate Center at Texas
A&M University and North Texas Real Estate Information Systems.
“Texas small land sales volume, median price increase in 2018; total dollar
volume tops $1 billion for second straight year” 7-2-19. Houston Chronicle.
Charles Gilliland, Ph.D., economist with the Real Estate Center at Texas A&M
University, commented, "Statewide, smaller properties are growing in popularity
with many being purchased as an expansion of a larger property, especially in
sub-markets right outside of the large metro areas. With housing prices increasing statewide, there is demand
for more subdivision developments, and, thus, more tracts are being purchased for pre-development." Also in
Houston Chronicle, San Antonio Express-News, Gilmer Mirror, The Buffalo News, Laredo Morning Times,
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