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Tag Archives: Jim Gaines

Texas Assn. of Realtors: 2015 Expected to Be a Record Year for Home Sales

AUSTIN – This year is expected to be a record year for home sales in Texas where a dramatic decline in oil prices has hurt the energy industry and brought on layoffs, according to the Texas Association of Realtors. The association reported 91,704 homes were sold in Texas in the third quarter of 2015, up 7.8 percent from the third ... Read More »

Bulletproof: Despite Oil Crash, Texas Home Sales Surge in First Quarter; Inventory at All-Time Low

AUSTIN – The Texas residential markets remained immune to the drastic fall in oil prices, as the Lone Star State posted exceptionally strong home sales in the first quarter of 2015, the Texas Association of Realtors reported. The inventory of homes for sale fell to an all-time low. With oil falling from $107 a barrel last summer to less than ... Read More »

Economist: Sellers Market in Texas Will Continue for a Long Time

AUSTIN – With the inventory near record lows, sellers are going to control the Texas housing market for a long time, a Texas economist said in report by the Texas Association of Realtors. Many consider a balanced housing market when the inventory stands at a 6 months supply. When the supply is much lower, it’s a sellers market; when reaches ... Read More »

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