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Lisa Contreras Real Estate Group
Lisa Contreras Real Estate Group
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Texas A&M Real Estate Research

Texas A&M Real Estate Research

Texas A&M Real Estate Research

 

The Center is the nation's largest publicly funded organization devoted to real estate research. Most of our $5.1 million in annual funding comes from real estate license fees paid by more than 170,000 professionals. A nine-member advisory committee appointed by the governor provides research guidance and approves the budget.

The Center's

 

The Center is the nation's largest publicly funded organization devoted to real estate research. Most of our $5.1 million in annual funding comes from real estate license fees paid by more than 170,000 professionals. A nine-member advisory committee appointed by the governor provides research guidance and approves the budget.

The Center's staff conducts research on financial, socioeconomic, public policy, trade, legal, land use and local market analysis issues related to real estate..

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SUMMARY

Texas A&M Real Estate Research

Texas A&M Real Estate Research

 

Texas' economy was in better shape at the end of the second quarter than the first. Unemployment inched down while job growth continued in June, albeit at a slightly slower pace than the previous month. The energy sector's payrolls contracted for the fourth consecutive month, although oil prices rallied considerably. The service sector, 

 

Texas' economy was in better shape at the end of the second quarter than the first. Unemployment inched down while job growth continued in June, albeit at a slightly slower pace than the previous month. The energy sector's payrolls contracted for the fourth consecutive month, although oil prices rallied considerably. The service sector, while still lagging behind pre-pandemic employment levels, added 228,600 jobs. Real retail sales were only half a percent lower than all-time-high levels at the start of the year. Commodity exports, however, remained diminished. In comparison, housing sales rebounded 30 percent and are on track to make a full recovery in July. The Real Estate Center's Texas weekly leading economic activity index also projected continued improvement, but the path of recovery could be hindered by possible upsurges in COVID-19 cases.

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