A Banner Year For Texas Real Estate

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In the last week the following Texas news headlines set the tone for the coming years in real estate:

Expect Houston real estate to stay in demand 
Home prices in the Houston area rose in the third quarter of 2014 while inventory stayed at historic lows. “Developers are building homes about as fast as they can, but continued shortages in labor and vacant developed lots are keeping homebuilders from increasing production even further,” Jim Gaines, an economist with the Texas A&M Real Estate Center, said in a statement. “Combined with higher home prices and tougher lending standards, the Texas housing market will remain very competitive for homebuyers into 2015.” Read more in the Houston Chronicle.

 

Job growth brings an increase in Fort Worth-area home sales
Thousands of employment opportunities are fueling demand for North Texas housing. Home sales are fueled by job growth and Dallas-Fort Worth has been among the nation’s top metro areas for job growth in the past year. In September, the Texas Workforce Commission reported that 86,400 non-farm jobs were created in the Metroplex in the prior 12 months, and 413,700 non-farm jobs in the state.  Read more in the Fort Worth Star-Telegram.

Amarillo’s housing market stays strong
This could be the best year ever for the city’s real estate activity. Read more from News Channel 10.

DFW: One of the best markets for investors and homebuyers
The Dallas area is seeing its biggest real estate boom in years. Home sales in Arlington rose 3 percent, to 1,484 homes in the third quarter, compared with 1,440 homes a year ago. The median price rose 9.5 percent, to $162,500, up from $148,300 a year ago, the Realtors report said.

Home prices in Midland are on the rise
Demand for housing has resulted in some of the highest median and average home prices in Texas. Read more in the Midland Reporter-Telegram.

Central Texas home sales reach record levels
This could be the best year ever for the Austin housing market. “Local experts continue to point to our region’s strong economic and population growth as foundations of a healthy market, debunking recent reports of an overvalued market, but the real issue Austin is facing is whether the large amount of people moving to Austin every day can afford to buy a home here,” said Bill Evans, president of the Austin Board of Realtors.“Local experts continue to point to our region’s strong economic and population growth as foundations of a healthy market, debunking recent reports of an overvalued market, but the real issue Austin is facing is whether the large amount of people moving to Austin every day can afford to buy a home here,” said Bill Evans, president of the Austin Board of Realtors. Read more in the Austin American-Statesman.
For all your Montgomery County Real Estate Needs contact the Michelle Wheeler Team
Wayne Stroman, Broker
Lake-Conroe-Realtors.com TREC Lic. 0416282
Call the Property Desk at 936-588-7004
Sales Office: 14500 HWY 105 W, Conroe, Texas 77304
Mail to: PO Box 2991, Conroe, Texas 77305
Sales: 936-588-4444
Fax: 936-588-4884

Listing and Sales Agent

Michelle Wheeler
Lake Conroe Area Team Leader

Real Estate Listing and Sales

Wayne Stroman
Lake-Conroe-Realtors.com Broker

 

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