July 2014

Let’s cut to the chase, shall we? The state owns nearly all the water in Texas. However, state law and statutes spell out circumstances in which landowners may use water on their property for limited purposes.

Failure to plan is planning to fail. That’s why Texas has projections of water supplies and needs through 2060. Plus, all regions of the state have detailed plans for acquiring emergency supplies during extreme droughts.

Real estate professionals who own and manage rental properties part time must meet the tax law’s “material participation” and documentation requirement to be eligible to deduct rental losses.

Flood insurance premiums are rising thanks to federal legislation requiring them to reflect actual flood risk. A Center study shows that increases in insurance and other housing costs ultimately reduce home values.

Don’t worry about the Internet luring your clients away. A National Association of Realtors survey reveals that real estate professionals continue to play a huge role when it comes to people purchasing a home.

Buda, Kyle and San Marcos are among the fastest-growing towns in Texas. City officials hope to maintain a small-town feel while welcoming residents and businesses eager to leave the hustle and bustle of Austin behind.

Comparing Houston’s or Dallas’ economies to Laredo’s or El Paso’s may not be apples to oranges, exactly. Granny Smith apples to Gala apples may be a better analogy.