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Texas continues to create jobs faster than the U.S., growing at a rate of 2.7 percent in December, higher than the nation's employment growth rate of 1.4 percent. For more, read our employment-focused report, the Monthly Review of the Texas Economy: https://txrec.io/2qXkxKv pic.twitter.com/tgeHVSF0Ec
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#Brownsville's single-family home sales stabilized in November, registering 5.8 percent above 2018 YTD levels. The current median home price also normalized to $161,144. Read the Texas Border Economy report for more: https://txrec.io/2Qzx3ib pic.twitter.com/VMJjDgi1ZR
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At
@BCSChamber's economic outlook conference Wednesday, REC's Jim Gaines called Texas' 2019 GDP growth "outstanding," registering over 4% growth compared with 2.1% for the U.S. For more insights, read our 2020 outlook: https://txrec.io/2YyVD2Q .
: REC's JP Beatopic.twitter.com/mX4Bys3Ycw
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#SanAntonio home sales rose 1 percent over the month in November, largely due to a surge in closings for homes priced below $200,000. A recent influx of new listings pushed the inventory to 3.7 months. Read more in the Texas Housing Insight: https://txrec.io/2kpVYzg pic.twitter.com/ZTVocF3ZvR
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#Laredo's median home price settled at $180,400 amid labor market struggles. The metro's workforce flattened at 106,900 employees, and unemployment held at 3.6 percent. Check out our Texas Border Economy report for more: https://txrec.io/2Qzx3ib pic.twitter.com/Z1KZxfAzkz
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In November 2019,
#Austin's median price dropped $14,565 from an all-time high in October to $314,389. Sales volume continued to grow as transactions climbed 3.2 percent for the fifth straight month. More in our Texas Housing Insight: https://txrec.io/2kpVYzg pic.twitter.com/WCz1HW1Nxq
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Record-breaking home sales in November pulled
#McAllen's inventory down to 6.9 months. The metro stabilized after surpassing 300 sales in October for the first time in series history, up 15.5 percent from the same period last year. Read more: https://txrec.io/2Qzx3ib pic.twitter.com/fdu7RZ3Ty8
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Moderating labor market conditions on both sides of the Texas-Mexico border and dismal GDP growth associated with the U.S.' southern neighbor hindered Texas' border communities. For an economic overview, read our Texas Border Economy report: https://txrec.io/2Qzx3ib
#TexasBorderpic.twitter.com/t8VX1hpTng
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#Houston's median home price decreased for the second straight month to $245,125 in November. However, prices are still up 3 percent from November 2018. Looking for more? Read the Texas Housing Insight report: https://txrec.io/2kpVYzg pic.twitter.com/P4PXKOydPz
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Front to rear, Real Estate Center Executive Director Gary Maler introduces new
@TRECommission Executive Director Chelsea Buchholtz to his staff. They were accompanied by former TREC Executive Director Doug Oldmixon and current TREC Deputy Executive Director Tony Slagle.pic.twitter.com/SzKs0fDXQn
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In November 2019,
#ElPaso's days on market corrected upward to 77 days from an abnormally low level in October but shed 20 days off of last year's metric. The local median home price rose to $168,908. Our Texas Border Economy report has more: https://txrec.io/2Qzx3ib pic.twitter.com/EiUChqM55o
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Texas' economy remained robust in the longest national economic expansion on record. Stable hiring in an environment of historically low unemployment pushed real income per capita upward in the third quarter. Read our Outlook for the Texas Economy report: https://txrec.io/2owH3Jb pic.twitter.com/d2DwtrOo6D
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#FortWorth's median home price was $251,774 in November, up 8.1 percent from a year ago. Housing demand remained strong, as the average home stayed on the market for 45 days. For more, read our Texas Housing Insight report: https://txrec.io/2kpVYzg pic.twitter.com/cVcczNOzd4
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We're making headlines!
@KBTXNews@ClayFalls interviewed Center Chief Economist Dr. Jim Gaines about property tax issues at the Center's office in College Station yesterday morning.
: Center Photographer JP Beato #BTS
@KBTXNewspic.twitter.com/CyyVenbe2K
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#Dallas home sales activity declined 3.4 percent over the month in November with decreases across all price cohorts. However, demand remained strong with an average of 51 days on the market. Our Texas Housing Insight has the details: https://txrec.io/2kpVYzg pic.twitter.com/Df5sAdfaF8
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The Center and the
@DallasFed are hosting "Room to Grow: Housing for a New Economy," a one-day conference in Dallas on Feb. 21, 2020. There, you'll learn about the latest trends revolutionizing housing. Registration costs $35. Sign up before Feb. 14: https://txrec.io/2tvBKPj pic.twitter.com/nJGdro7QZF
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The Real Estate Center will be closed today in observance of Martin Luther King Jr. Day.
#MLK
pic.twitter.com/GoLVV7VIAj
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Please join us in welcoming Research Economist Dr. Adam Perdue to the Real Estate Center team! Learn more about the Houston native: https://txrec.io/2RnF6vl pic.twitter.com/qH5w5KgoNO
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Today is your last chance to enter to win a copy of our Annual Report + 2020 Calendar! Take our survey before 5 p.m. to get a copy: https://txrec.io/2FvC0QC . No purchase necessary. While supplies last.pic.twitter.com/AbBAVJMOpP
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Texas home sales stabilized in November 2019 after reaching a record high the month prior. Although home-price growth has moderated, housing affordability remains the primary challenge to the housing market. Read our Texas Housing Insight report for more: https://txrec.io/2kpVYzg .pic.twitter.com/7FAk5WMLu7
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