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Jul 30, 2020

Texas land expert: ‘Buyers have vanished’

“Shocking.” That’s how the state’s leading authority on rural property describes the Texas land market in just-published data for second quarter 2020.

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By
Bryan Pope
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“Shocking.” That’s how the state’s leading authority on rural property describes the Texas land market in just-published data for second quarter 2020.

“There’s a lot of country for sale, and oil patch buyers have vanished,” says Dr. Charles Gilliland, a research economist for the Real Estate Center at Texas A&M University who has been following the state’s land markets for four decades.
“Texas land sales just collapsed during the second quarter,” he says.
Gilliland says the numbers tell the story. Despite COVID-19 virus-induced shutdowns and plummeting oil prices, however, he says the overall Texas land market did post some encouraging results.
Tune in Tuesday, Aug.  4, at 3 p.m. CST on Facebook Live as Gilliland gives a region-by-region update of sales, prices, transactions, and his assessment of what lies ahead for rural lands of Texas in the remainder of 2020.​

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