Analysts Hoping the North Texas Real Estate Market has Hit Bottom

“Real estate, like everything else, is supply and demand. So, I’m hoping. market has been exceptionally strong, and I’ve had listings sell within the first week on the market. So, it’s interesting.

The local market has finished the week at a 1.7 per cent gain after hitting 11.5 year highs earlier on Wednesday.

In early January, a story in the Dallas Morning News disclosed that the North Texas real estate market was on fire in 2015! Despite concerns about the slow recovery from 2008’s Great Recession and sinking oil prices, home sales all over the Lone Star State were booming, but especially in the Dallas-Fort Worth area.

Real Estate The Hottest Market Ever! (Still!) Welcome to North Texas, land of plenty and low unemployment, where we have nearly run out of exclamation points in describing the real estate market.

The Austin real estate market owes the majority of its success to the subsequent job sector. Austin has become a hub for large businesses, great careers and a booming tech industry. The tech industry, in particular, contributes much to the strength of the Austin housing market.

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North Texas home prices hit an. housing market is going and blowing," said Dr. James Gaines, chief economist with the Real Estate Center. "It’s uncharted in the sense of price levels and sales.

The Houston real estate market took a significant hit when Hurricane Harvey decided to let its presence be known in August of last year. Similar to that of Hurricane Katrina (the natural disaster that leveled New Orleans in 2005), Harvey was responsible for unspeakable tragedy and upwards of $125 billion in damage to the Houston area – enough damage, in fact, that real estate in Houston.

Market Research. The Texas Association of REALTORS publishes regular reports that cover a range of real estate markets and specialties. The Texas Relocation Report is based on data from the U.S. Census Bureau and U-Haul. The report analyzes county relocation data for the 43 largest demographic areas in Texas.

Why the dallas real estate market Is Hot. Our cbre numbers show 7.5 million square feet of new construction. But when you dive into that, there’s only about 4 million in spec construction, and 34.7 percent of that has been pre-leased. So that leaves just 2.6 million square feet of speculative product citywide.