Total RECall
Catch up on the latest happenings around the Center.
December 2024
MOST POPULAR TITLES THIS MONTH
- Texas Housing Insight (October 2024)
- Outlook for the Texas Economy (October 2024)
- MSA Housing Reports
- Texas Land Market Latest Developments (3Q2024)
- Option Period Basics
- Where Should My New House Go? Using Surveys to Avoid Legal Entanglements
- How Age and Income Influence State-to-State Moves
- Texas Border Economy (3Q2024)
- Economic and Population Shifts in the ‘Houston Hamptons’
- Texas Agriculture Economy’s Biggest Challenges
LATEST RESEARCH
The last three years have been a wild ride for rural land market participants, but that cycle may be over. TRERC’s Lynn Krebs explains why.
A survey is much more than just a box you have to check off when improving a piece of property. If properly done, it can help you make informed decisions and avoid potential legal headaches.
Over the years, Texas wildfires have resulted in loss of life, loss of thousands of homes, and billions of dollar in direct economic impact. What can be done to mitigate their impact?
MONTHLY & QUARTERLY REPORTS
The Texas Land Market Latest Developments report contains an analysis of Texas land markets. The reported sales consists of a sample of verified transactions through third quarter 2024.
Like last quarter, border employment grew in 3Q2024 but not enough to prevent an increase in the unemployment rate. Housing sales had a worse second quarter this year than last year, and home prices increased in two of the four border metros.
Texas total nonfarm employment dipped in October after two months of growth. Despite the loss of jobs, the unemployment rate held steady at 4.1 percent and the labor force participation rate climbed to 64.6 percent. More in the latest Outlook for the Texas Economy today.
Click here to become a subscriber.
NEW TO THE BLOG
For years, Texas has enjoyed steady job growth in economic sectors that use industrial real estate. Today’s industrial growth, however, is different.
Peak consumer demand for electricity on the Texas grid set a record in the summer of 2023, and demand could double by 2030. Such enormous growth could have significant implications for the state’s commercial real estate markets.
Towns in Washington, Grimes, Austin, and Fayette Counties have been collectively called the “Houston Hamptons.” TRERC’s Gary Maler explains why.
In addition to state and county migration data, the IRS includes a key demographic detail in its state-level migration data: the age of the primary taxpayer. How do migration patterns differ between the age categories?
A storm has been raging between the National Association of Realtors and the U.S. Department of Justice, and it might rage all the way to the U.S. Supreme Court.
TRERC’s Gary Maler covers a lot of ground, reporting on change and growth in Sealy, Frydek, Eagle Lake, Columbus, Hallettsville, and Schulenburg.
MONTHLY DATA UPDATES
Review new data on the upgraded TRERC website.
Housing data. Housing statistics based on listing data from more than 50 Texas MLSs. Statistics for each geography based on listings of properties physically located within the mapped area presented with the statistics.
Latest building permit data. Building permit data for single-, two-to-four, and five-or-more family units for states, MSAs, and Texas counties.
DAILY NEWS FEED
NewsTalk Texas is published each work day featuring the state’s top real estate news. Read the latest from your neck of the Lone Star State.
E-NEWSLETTER
RECON is the Center’s free weekly e-newsletter. See what deals are going down in your real estate market. Sent to your inbox every Tuesday. Click here to subscribe.
NEWSMAKERS
Sugar Land, Missouri City’s low housing inventory pushing prices higher
The housing inventory, the time it would take to sell all homes on the market, in three Sugar Land and Missouri City submarkets averaged 3.87 months in August—lower than the pre-pandemic average of 4.92 in August 2019, according to data from the Texas Real Estate Research Center at Texas A&M University. (Community Impact, Dec. 9, 2024)
How a Hill Country city is attacking its housing shortage
Daniel Oney, director of research at the Texas Real Estate Research Center at Texas A&M University, said the pandemic also increased the number of remote workers, “motivating migration” toward rural areas as remote work became more common. There was an increase in the number of housing developments early in the pandemic, but builders started pulling back as mortgage interest rates rose during the past four years, making it more expensive to own a home, Oney said.
“You saw a little bit more demand with a lot more capital chasing homes, which drove prices up pretty quickly,” Oney said. “You had a bit of a mini-boom during the pandemic year and a half, and then a bit of a bust afterward.” (San Antonio Express-News, Dec. 28, 2024)
To read the latest issue of Total RECall, click here.
2024: January, February, March, April, May, June, July, August, September, October
2023: January, February/March, April, May, June, July, August, September, October, November, December
2022: January, February, March, April, May, June, July, August, September, October, November, December
2021: January, February, March, April, May, June, July, August, September, October, November,
December
2020: January, February, March, April, May, June, July, August, September, October, November,
December
You might also like
Texas Housing Insight
Home sales typically cool off by October, but this year is a little different with sales in both September and October higher than they were during the summer. The rate of new listings is still on the rise resulting in rising inventory levels.
Outlook for the Texas Economy
Texas total nonfarm employment dipped in October after two months of growth. Despite the loss of jobs, the unemployment rate held steady at 4.1 percent and the labor force participation rate climbed to 64.6 percent. Inflation remained resilient and failed to decrease toward the 2 percent target rate.
TG Magazine
Check out the latest issue of our flagship publication.