Texas Real Estate

Lack of Attainable Housing Stymies Millennial Generation. Houston Cranking Out Entry Level Homes.

Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in…read more →

Texas ranks #2 in nation for in-migration in 2015.

Texas experienced a net gain of out-of-state residents in 2015, with 107,689 more people moving to Texas than Texas residents moving out of state. This is a 4 percent increase in the net gain of Texas residents from 2014 (103,465 residents). The total number of residents moving to Texas from out of state in 2015 increased 2.8 percent year-over-year to…read more →

Commercial property forecasters fret about an industry slowdown, possible recession ahead.

By Steve Brown and the Dallas Morning News Prospects for the 2017 U.S. commercial property still market look good, to hear the majority of real estate folks tell it. Certainly Dallas is in the biggest building boom it’s seen in almost three decades. But a lot of the industry’s executives are looking over their shoulders, fretting about everything from rising…read more →

Construction jobs help Texas post biggest monthly employment gains since December 2014

By Jill Cowan and the Dallas Morning News After several months of slowing that economists largely attributed to the ripple effects of the oil bust, Texas’ economic engine was firmly back on track in September, adding 38,300 jobs, the state reported on Friday morning — the state’s highest gain in almost two years. According to the Texas Workforce Commission, the last…read more →

D-FW, Portland lead country in home price gains at more than twice national rate

Steve Brown and the Dallas Morning News Dallas-Fort Worth home prices are rising at more than twice the nationwide rate. D-FW housing prices jumped 12 percent in August from a year earlier, according to a new report by Zillow. Only Portland, Ore. – with a 14.8 percent year-over-year increase – had a larger price hike in Zillow’s study of major…read more →

Dallas’ Woodbine Development gets its second president in four decades

By Steve Brown and the Dallas Morning News John Scovell’s first real estate deal was a doozy. In 1973, he teamed up with Dallas oilman Ray Hunt to build downtown Dallas’ landmark Reunion Hyatt Hotel with its skyline signature observation tower. Read more about how Reunion was built in Dallas here. “What a privilege to change the skyline with your…read more →

Texas and New York vie for top ranking in commercial property development market

Article by @SteveBrownDMN and the Dallas Morning News Texas is tops in the nation for warehouse construction. And we are second nationally in both office and retail building, according to one of the country’s top commercial real estate groups. The commercial property sector in Texas supports 387,609 jobs and contributes $23 billion to the state’s economy, according to a new report…read more →

How Chinese Investors Can Find Success Investing in US Real Estate

Chart courtesy of Bisnow and Rosen Consulting Group How are Chinese assessing US real estate investing? What kinds of investment approaches are they considering or discarding? This week, one of China’s leading business magazines, Caijing Magazine, published an article, in Chinese, written by a native New Yorker, Peter Fuhrman, who runs China-based investment bank China First Capital. He advises some larger Chinese…read more →