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Market News and Trends

Texas Economy Cools Off … Slightly


I received an update from the Real Estate Center at Texas A&M University this morning and just want to pass it on. Here are some highlights:

  • “The U.S. and Texas economies will continue to expand in 2019 but at noticeably decelerated rates.”
  • Texas employment growth should continue at almost twice the pace of U.S employment — 2.7% vs. 1.5%.
  • “The Texas housing market slowed in 2018 as sales rose 1.7 percent compared with 4.1 the previous year.”
  • “Housing permits for new single-family residential units are expected to slow to a 2.1 percent increase ….” [But permits in the Austin area are forecast to increase by almost 10%!]

If you want more details, here is the complete update report:

2019 Texas Housing and Economic Outlook

I attended another meeting today about the economic outlook for the U.S. and Austin.  More on that soon.

 

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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