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Market News and Trends

Outlook for the Texas Economy


General optimism from the Real Estate Center at Texas A&M University:

https://www.recenter.tamu.edu/articles/technical-report/outlook-for-the-texas-economy

That’s all a good read, but most relevant to this site:

Texas housing sales expanded across the state despite shortages of homes priced under $300,000. Current residential construction activity, measured by the Residential Construction Cycle (Coincident) Index, held steady as falling residential construction values offset industry employment growth. Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. (For additional housing commentary and statistics, see Texas Housing Insight at recenter.tamu.edu.)

I’ll keep you informed.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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