Six things to watch for in Texas real estate this weekSix things to watch for in Texas real estate this weekBryan PopePope

​The Real Estate Center’s research staff held its monthly roundtable meeting earlier this week, focusing largely on employment and housing. Here are six takeaways.

  • The job growth rate is rapidly increasing in Texas’ micropolitan cities (those with populations between 10,000 and 50,000 and that are outside a Metropolitan Statistical Area). In August, 8.6 percent of total Texas jobs were in micropolitans.

  • Texas’ nonfarm job growth currently derives largely from mining and logging, construction, professional and business services, and other services.

  • Our economists project a 4.1 percent growth rate for the state’s GDP for 2018, assuming oil prices don’t drop significantly.

  • Home prices in Texas are still lower than those in many markets outside the state. However, relative to itself, Texas has gotten more expensive.

  • On the other hand, home-price growth in the state’s major metros is slowing down.

  • According to the Center’s research of Texas home prices, low-tier homes are generally appreciating at a higher rate than mid-tier and high-tier homes in Houston, Dallas-Fort Worth, and Austin.

For more on the state’s housing market, visit the "Housing Activity​" page of our website.


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