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Long Range Prospects for Texas Real Estate Markets

Long Range Prospects for Texas Real Estate Markets

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Published by Scott Schaefer

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Published by: Scott Schaefer on Dec 08, 2008
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06/17/2009

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LONG RANGE PROSPECTSLONG RANGE PROSPECTSFOR TEXASFOR TEXAS
EIGHTEENTH ANNUAL OUTLOOK EIGHTEENTH ANNUAL OUTLOOK FOR TEXAS LAND MARKETSFOR TEXAS LAND MARKETS
San Antonio, TexasSan Antonio, Texas April 25, 2008 April 25, 2008
Dr. James P. Gaines
Research EconomistReal Estate Center at Texas A&M University
 
TexasTexas –  – Poised for a 21Poised for a 21
stst
Century BoomCentury Boom
 
Population and Economic growthPopulation and Economic growth
Low cost, available laborLow cost, available labor
Pro Growth AttitudePro Growth Attitude
Migration into State from elsewhereMigration into State from elsewhere
 Attractive Retirement Area Attractive Retirement Area
Pressure on infrastructure,Pressure on infrastructure,government services, public financegovernment services, public finance
Most affordable state for land,Most affordable state for land,housing and overall cost of livinghousing and overall cost of living
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Things Are Going to Change!Things Are Going to Change!
Urbanization and concentration of Urbanization and concentration of population: metro areas will get bigger andpopulation: metro areas will get bigger andso will most of the small/mediumso will most of the small/medium--sized townssized towns
Shift from Anglo to Hispanic majorityShift from Anglo to Hispanic majority
Rapidly increasing public service demands:Rapidly increasing public service demands:education, roads, transit, safety, healthcareeducation, roads, transit, safety, healthcare
Local Growth/NoLocal Growth/No--Growth/Controlled GrowthGrowth/Controlled Growthadvocates and confrontationsadvocates and confrontations
Main challenge will be to maintain qualityMain challenge will be to maintain quality--of of --lifelife
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