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Real Estate Blog & Resources

Texas Housing Market and Jobs Sector are Some of the Healthiest in the Nation

Despite the mixed economic news being reported every day, the housing market remains one of the primary drivers of the slow-yet-steady economic recovery. Not only is residential real estate growing stronger every day on a national level, but Texas real estate, in particular, is perhaps the healthiest one in the country. On top of the continued strength in home sales and new home starts, the Texas jobs sector keeps putting up solid numbers as well. Combined, these two areas are making Texas a homebuilders' dream.

The health of the Texas housing market
WalletHub analyzed metro areas based on 10 key metrics, from the percentage of households receiving government help for their mortgages to the interest rate on first-time mortgage recipients. According to the survey, San Antonio, Austin and Houston all landed in the top ten for housing markets, with the three Texas metro areas taking home the third, sixth and 10th healthiest areas, respectively. Collectively, these three markets are boosting sales across the state and the south.

San Antonio boasts the third-healthiest housing market in the country.

Homebuilders' Confidence Levels Continue to Rise

Home builders are gaining more confidence in the market for newly built, single-family homes. The National Housing Association of Home Builders/Wells Fargo Housing Market Index indicated builder confidence rose five points to reach 59 for the month of June.

Master Planned Communities Provide Options for Active Adults and Retirees Looking to Stay Fit

A growing trend in the lifestyles of retirees is staying fit. As people age, muscle and bone mass deteriorate and can lead to medical disorders like osteoporosis and osteoarthritis. However, study after study continues to indicate the benefits of remaining active throughout the later years of life. The Centers for Disease Control and Prevention noted exercising is one of the most important things retirees can do stay healthy. This can lower blood pressure levels, combat arthritis and provide general holistic well-being. By maintaining an active lifestyle, retirees can stay healthy longer and prevent many of the debilitating aspects associated with aging.

Booming Job Growth in College Station Makes Home Buying Attractive

While the rest of country continues to wrestle with its unemployment rate, Texas steadily adds thousands of jobs. As the national average dipped from 6.2 to 5.4 percent year over year, Texas saw its unemployment rate decline from 5.2 to 4.2 percent, the Real Estate Center at Texas A&M University noted in its Monthly Review of the Texas Economy. Nowhere is this boom in job growth more noticeable than in the Bryan-College Station metropolitan area, where the unemployment rate sits at an enviable 3.2 percent.

What the Fed's Stress Test Means for the Housing Market

In the wake of the financial crisis that rocked the economy, Congress passed the Dodd-Frank financial reform bill. This law requires the U.S. Federal Reserve to subject the nation's largest banks to a series of tests designed to calculate their liquidity and solvency in times of economic uncertainty. According to its website, the Fed did not object to the any of the 28 banks' capital plans presented during stress testing. However, Bank of America is required to submit a new capital plan to address certain weaknesses. In its findings, the Fed discovered U.S. firms have more than doubled their capital reserves since 2009, with the common equity capital ratio growing from 5.5 percent to 12.5 percent in the fourth quarter of 2014. Overall, this represents an increase from $641 billion to $1.1 trillion in capital holdings.