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Bryan-College Station attorney joins Real Estate Center staffBryan-College Station attorney joins Real Estate Center staff2016-10-27T05:00:00Z​COLLEGE STATION, Tex. (Real Estate Center) – Local attorney E.V. “Rusty” Adams III is the new legal expert for the Real Estate Center.

Adams received a Bachelor of Business Administration in Management in 1996 and a Master of Science in marketing in 1998, both from Texas A&M University. He graduated from Baylor Law School in 2004.

Since then, he’s practiced law in the Bryan-College Station area, most recently with the Peterson Law Group. He practiced general civil law, including real estate law.

Before coming to work for the Center, Adams wrote an article for Tierra Grande, the organization’s flagship magazine. “Sizing Up Surveys” was published in the July 2016 issue.

His research agenda with the Center includes an article on the general warranty deed, the most common deed used in real estate transactions. Other topics he’ll tackle are water rights, eminent domain, and commercial real estate law.

Adams’ predecessor, Judon Fambrough, retired last month after 39 years with the Center.

Funded primarily by Texas real estate licensee fees, the Real Estate Center was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/clUq8504-1016
Real Estate Center earns three Silver Quill AwardsReal Estate Center earns three Silver Quill Awards2016-10-21T05:00:00Z


COLLEGE STATION, Tex. (Real Estate Center) – The Real Estate Center at Texas A&M University has received three Silver Quill awards from the International Association of Business Communicators (IABC) Southern Region.

IABC Southern Region announced the winners at its annual Silver Quill luncheon in Atlanta. The Center had three entries.

In the audiovisual category, the Red Zone podcast won an Award of Excellence.

The Center’s flagship magazine, Tierra Grande, and the Center’s Annual Report + Calendar earned Awards of Merit.

“The Southern Region Silver Quill Awards are evaluated by a blue ribbon panel of judges based upon IABC’s standard of excellence,” said Julie Ludwig, IABC Southern Region chair.

Considered one of the most prestigious awards programs in the industry, Silver Quill recognizes business communicators from throughout the IABC Southern Region, which has 25 active chapters and nearly 2,200 members spread across 13 U.S. states, the Caribbean, and Latin America, the broadest global geographic region.

Earlier this year, the Center won three Bronze Quills from Houston/IABC, and a Gold Quill in the IABC global competition.

Funded primarily by Texas real estate licensee fees, the Real Estate Center was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/clbnUn03-1016
Texas home starts drop sharply despite continued demandTexas home starts drop sharply despite continued demand2016-10-18T05:00:00Z
​COLLEGE STATION, Tex. (Real Estate Center) – Single-family home starts fell dramatically in August despite continued demand throughout most of Texas, according to the Real Estate Center’s latest Texas Housing Insight report.

The report showed residential building permits for August were up statewide over the year and over the month, but housing starts were down 21.6 percent seasonally adjusted year-over-year.

Center Research Economist Dr. Luis Torres, who wrote the report with Chief Economist Dr. Jim Gaines and Research Associate Wayne Day, said low housing inventories and rising prices in many areas of the state signal a high demand for housing, but construction markets are being affected by a shortage of workers and developed lots.

“For this to change, there has to be either an increase in the number of residential construction workers or a slowdown in the demand for new housing,” Torres said.

The numbers suggest demand isn’t showing signs of slowing.

Total Texas home sales for August increased 7.4 percent year-over-year seasonally adjusted (7.2 percent on a nonseasonally adjusted basis) compared with a positive 8.8 percent nationally (8.4 percent on a nonseasonally adjusted basis).

Austin (7.4 percent), Dallas-Fort Worth (5.2 percent), Houston (8.3 percent), and San Antonio (12.1 percent) all increased year-over-year. The metros gained on a monthly basis as well. On a year-to-date basis, Houston is ahead of last year by 1.1 percent while Dallas-Fort Worth is up by 4.8 percent (nonseasonally adjusted).

Average and median sales prices have risen dramatically in Texas since 2011, especially for new homes. During that time, according to the Center’s housing report, new home prices have exceeded existing home prices by 48 percent and 37 percent based on median and average sales prices, respectively.

“This price differential is primarily a result of increases in home size for newer homes and the significant increases in construction and land costs for new homes,” Torres said.

The average price per square foot for a new home in Texas is about 19 percent more than for an existing home, the report said.

A new map from the Center shows which of Texas’ 25 Metropolitan Statistical Areas (MSAs) are exhibiting “explosive” (or exuberant) behavior in home prices. Torres said such behavior can occur when high home prices are not based on housing market fundamentals such as demand and supply.

The map (below) shows price behavior from second quarter 2015 through second quarter 2016, the College Station-Bryan MSA had a period of explosive behavior in 2Q2016, while the DFW (Dallas, in particular), Austin and Victoria MSAs posted some unusual price movements.



The complete report is available online.

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.

http://eepurl.com/ckI7JL02-1016
Texas annual job growth slightly lower than U.S.Texas annual job growth slightly lower than U.S.2016-09-28T05:00:00ZCOLLEGE STATION, Tex. (Real Estate Center) – Texas gained 186,900 nonagricultural jobs from August 2015 to August 2016, according to the Real Estate Center’s latest Monthly Review of the Texas Economy. That’s an annual growth rate of 1.6 percent, lower than the nation’s growth rate of 1.7 percent.

The nongovernment sector added 146,300 jobs, an annual growth rate of 1.5 percent compared with 1.9 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate in August was 4.7, up from 4.4 percent in August last year. The nation’s rate decreased from 5.1 to 4.9 percent. 

All Texas industries except mining and logging, manufacturing, and the transportation, warehousing, and utilities industry had more jobs. Leisure and hospitality ranked first in job creation followed by financial activities, education and health services, the government sector, trade, and professional and business services. 

All Texas metro areas except Odessa, Midland, Texarkana, and Wichita Falls had more jobs this August than last. College Station-Bryan ranked first in job creation followed by Dallas-Plano-Irving, Laredo, Austin-Round Rock, and Brownsville-Harlingen.

The state’s actual unemployment rate was 5 percent. Amarillo had the lowest unemployment rate, followed by Austin-Round Rock, Lubbock, Dallas-Plano-Irving, Sherman-Denison, College Station-Bryan, and San Antonio-New Braunfels.

The complete report is available online at https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy. It was written by Center Research Economist Dr. Ali Anari.

Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/chBR2r01-0916
Texas job growth stands at 1.5 percentTexas job growth stands at 1.5 percent2016-08-30T05:00:00Z​COLLEGE STATION, Tex. (Real Estate Center) – The Real Estate Center’s latest Monthly Review of the Texas Economy shows Texas gained 176,600 nonagricultural jobs from July 2015 to July 2016, an annual growth rate of 1.5 percent.

That's lower than the nation’s growth rate of 1.7 percent, according to the report written by Center Research Economist Dr. Ali Anari.

The nongovernment sector added 136,100 jobs in July, an annual growth rate of 1.4 percent compared with 1.9 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate last month was 4.6 percent, up from 4.4 percent in July 2015. The nation’s rate decreased from 5.3 to 4.9 percent.

All Texas industries except mining and logging, manufacturing, information, and the transportation, warehousing, and utilities industries had more jobs. Leisure and hospitality ranked first in job creation followed by education and health services, financial activities, trade, and the government sector.

All Texas metro areas except Odessa, Midland, Texarkana, and Wichita Falls had more jobs. College Station-Bryan ranked first in job creation followed by Austin-Round Rock, Dallas-Plano-Irving, Laredo, El Paso, and Brownsville-Harlingen.

The state’s actual unemployment rate was 5.1 percent. Amarillo and Austin-Round Rock had the lowest unemployment rate, followed by Dallas-Plano-Irving, Lubbock, College Station-Bryan, San Antonio-New Braunfels, and Sherman-Denison.


Funded primarily by Texas real estate licensee fees, the Real Estate Center at Texas A&M University was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The Center is part of Mays Business School at Texas A&M University.
http://eepurl.com/cdxe_n21-0816