Reporter/Researcher/Instructor

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.

The Texas job market made minor gains, adding less than 1 percent to employment. Unemployment ticked up to 4.2 percent after settling at 4.1 percent since July.

Like last quarter, border employment grew in 3Q2024but 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.

The Texas Land Market Latest Developments report contains an analysis of Texas land markets. The reported sales consist of a sample of verified transactions through third quarter 2024.

Texas real estate decisions impact everyone, from those buying or renting homes in the state’s smallest communities to global firms looking to relocate. Informed insights from our economic research team appear in this special forecast report.