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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

More than thirty years of business experience (high tech, client service, business organization and start-up, including many 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: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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