being tallied" 8-28-17.
Express-News. At Texas A&M University's Real Estate Center, economist Jim Gaines is already getting calls and emails from people who want to know how the flooding affects their home's value. “I don't know what to tell them," Gaines said. Neither does he know yet how to estimate the overall damage to property or the effects on the state's $1.6 trillion economy — the second-largest in the U.S. after California. Gaines said, “It's going to be significant in terms of dollars and in terms of the impact on people. It's in the billions. The question is, is it hundreds of billions?"
“Ask the experts:
P. Gaines" 8-28-17. WalletHub. Yes, now is a relatively good time to buy, given low interest rates (with expectations of rates rising in near term), some easing on credit terms and mortgage loan underwriting, and the fact that home prices are increasing fairly rapidly in most areas.
planned for Lorena” 8-24-17.
Texas A&M Real Estate Center reported in July
Avalanche-Journal. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
rising" 8-21-17. Culture Map Austin. The Real Estate Center at Texas A&M University cites a six- to 6.5-month supply as signaling a balanced housing market.
high on the
News. "From talking to Realtors, we know they are doing a lot of business with foreign buyers," said Dr. James Gaines with the Real Estate Center at Texas A&M University. "Texas represents a very nice opportunity for them - we've been the fastest growing state in the country for years."
gains in July
at highest point
2012" 8- 18-17.
Corridor News. Despite strong gains in housing inventory last month, Central Texas housing inventory levels remain well under the 6 to 6.5 months of inventory the Real Estate Center at Texas A&M University cites as a balanced housing market.
Magazine. Dr. Jim Gaines, chief economist at the Real Estate Center at Texas A&M, explains that the state of Texas is going through a fundamental shift similar to what has been seen in the past in places like
New York, and
"U.S. bank targets robust Dallas business climate with commercial banking expansion" 8-17-17. ABL Advisor. “Dallas-Fort Worth has never really stopped growing since the recession," Jim Gaines, chief economist at Texas A&M University's Real Estate Center, told the
earlier this year. “It's still going and blowing."
brisk" 8-16-17. KWTX Channel 10. According to a researcher at the Real Estate Center at Texas A&M University, Texas issued the most building permits in the country.
ever cool down?" 8-15-17. Curbed. According to Dr. Jim Gaines, chief economist at the Real Estate Center at Texas A&M, the state is experiencing a fundamental shift. Based on data from the center's most recent
Insight report, released earlier this month, he sees the state in the midst of a long expansion, as it becomes not just a leading state but perhaps a center for growth for the U.S. for years to come.
in DFW" 8-11-17. CandysDirt.com. Sales of million-dollar homes in North Texas grew 37 percent in the first half of this year, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
path'" 8-9-17. Builder Online. According to Jim Gaines, chief economist for
Texas A&M University's Real Estate Center, the major downward correction expected by CoreLogic is not guaranteed to occur just because prices are high. He attributes this price growth to high home demand for low home supply and believes that an increase in new home construction could stabilize the market.
“WOTUS rescinded; property rights saved" 8-9-17. Ag Web. That rule, if allowed to exist, would have essentially frozen nearly all land in current use in place at the time of implementation, says ag land attorney Judon Fambrough, now retired from the Real Estate Center at Texas A&M University.
“After 11 percent jump in July, North Texas on pace to sell over 100,000 homes in 2017" 8-8-17.
July had the second highest home sales total ever in North Texas following the record 10,962 housed that traded in June, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
rapid growth" 8-8-17.
American-Statesman. James Gaines of the Texas A&M Real Estate Center called 2016 a transitional year following the end of a five-year boom. Both jobs and population grew that year, which is still occurring in 2017. Annual jobs in the Austin-Round Rock Area presented slower job growth at 2.8 percent in May, and between 2015 and 2016, the Austin-Round Rock area added an average of 160 residents per day.
“Houston housing market
says" 8-7-17. KUHT TV 8. Jim Gaines, chief economist for Texas A&M University's
Real Estate Center, is not entirely sure. “It implies that the values are so high, they've gone up so high, that there's going to be a major downward correction or something in the future," he said, “which may or may not happen."
“College debt is
buying homes" 8-1-17.
James Gaines, chief economist for Texas A&M University's
Real Estate Center, said in addition to having more financial debt than their parents did when they were their age, many millennials were denied home loans because of the financial crisis of 2008.