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Jim_Gaines

James P. Gaines

Research Economist

Expert Bio

After retiring in 2020, Economist Dr. James Gaines rejoined the staff in 2021. His new role is a slimmed down version of his position as chief economist, which he held for five years. Gaines continues making presentations, reviewing manuscripts, and giving media interviews.

Hired as an economist in 2005, Gaines was named chief economist in 2015.

During his 15 years at the Center, Gaines has specialized in housing and land development issues. He is author of more than 50 Center reports and articles and is the organization’s principal speaker.

Previously, Gaines spent 16 years with KPMG and Arthur Andersen providing real estate consulting services. He also served five years as president of the Rice Center, an urban research center affiliated with Rice University.

His decades of experience included a broad array of professional activities, primarily in real estate research and education, urban economics, land-use analysis and development, and project risk assessment. Gaines has worked extensively with major corporations, developers, investors, financial institutions, and government agencies across the country.

In 2019, Gaines was part of the Texas Realtors delegation representing the United States at the MIPIM 30th Engaging the Future conference in Cannes, France.

Gaines started his professional career as an assistant professor of finance and real estate at Kent State University and later was an associate professor of real estate and finance at the University of South Carolina, where he taught undergraduate and graduate-level real estate courses.

Gaines has more than 35 years experience in a broad array of professional activities, primarily in real estate research and education, urban economics, land use analysis and development and project risk assessment. He has worked extensively with major corporations, developers, investors, financial institutions and government agencies across the country. His assignments have involved all aspects of real estate analysis, including modeling market potential and economic capabilities, investment and/or development project risk assessments, identifying alternative land uses, financial and valuation issues, site development and construction risks and opportunities, and strategic corporate real estate planning. In addition to his consulting background, Gaines has been an active real estate educator, not only at the university level, but also for professional programs in real estate appraisal, GRI, CCIM and other training courses. Gaines authored numerous professional papers, articles, monographs and technical reports covering a wide array of real estate topics and analyses.

Education

  • B.B.A., Real Estate, University of Georgia
  • M.A., Real Estate, University of Georgia Ph. D.,
  • Real Estate and Finance, University of Georgia

Latest Articles

Texas Housing Market
< 1 minute read
Dec 21 2023

Texas Housing Market

What did the overall Texas single-family housing market do in 2023, and what drivers will influence it in 2024? Texas Real Estate Research Center Economist Jim Gaines, Ph.D., shares insights...
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Dirt Isn't Cheap . . . Anymore
5 minute read
May 16 2018

Dirt Isn't Cheap . . . Anymore

Land's Impact on Home Prices

Texas land prices are on the rise. While that’s good news for landowners looking to sell to residential developers, it’s a different story for potential new-home buyers who are seeing higher land costs reflected in higher home prices.

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How Much Home Can a Household Afford?
8 minute read
Dec 06 2017

How Much Home Can a Household Afford?

Housing affordability is broadly defined as the ability of a household (or family) earning the median income to qualify for the median-priced home. The fundamental determinants—home price and household income—have...
Read Article
Still Affordable
8 minute read
Aug 17 2017

Still Affordable

The Center’s latest Texas Housing Affordability Index reveals that as a whole, Texas’ housing remains more affordable than the nation’s. But that trend is weakening in the major metros.

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Eye on Texas Mortgage Debt
6 minute read
Jun 05 2017

Eye on Texas Mortgage Debt

Comparing Texas residential mortgage debt to national levels reveals four compelling points. Texas historically maintains a smaller percentage of homeowners with mortgages; Texans typically incur lower levels of mortgage debt;...
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Oil Price Collapse
3 minute read
Mar 30 2016

Oil Price Collapse

Is the Worst of Its Impact Over?

A recent Real Estate Center press release included economic indicators suggesting that the worst of the oil price collapse’s impact on the Texas economy may be over.

Read Article
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