The real estate market has been a mark of concern for the nation for nearly half a decade. Between the peak of real estate prices in 2005 to early 2009, total home re-sales fell 38 percent while sales of new homes dove more than 76 percent. Construction of homes and apartments skidded to a stop by nearly 80 percent, and for the first time in more than forty years, home prices posted consecutive yearly declines. But, according to The Associated Press, “the worst is over,” and people are jumping at the chance to cash in on the anticipated up-turn in the market with a Texas real estate license.
Because of its mild recession, Texas has been called “one of the best places in the world to work through the current global recession,” according to BBCA Compass Chief Economist Nathaniel Karp. He also indicated in an interview with the San Antonio Business Journal that Texas will be a good place to enjoy the upside of the recession as signs of life are beginning to show again. He went on to add that the third quarter of 2009 could mark gross domestic product growth, and movement in the real estate sectors.
Every recognizable sign, except foreclosure rates, are pointing toward a stabilized Texas housing market. Across the nation, June home resales were up 9 percent from January, and sales of new homes rose 17 percent during the same period. Even construction has risen nearly 20 percent since the beginning of the year. Real estate prices also rose in May, the first month to see increases since 2006.
Moody’s Economy.com agrees that the recession may finally be nearing its end. Though no single metro area in the nation was “in recovery,” 23 of 381 areas showed a “moderating” recession, meaning their economies were not shrinking as severely. Of those 23, Texas is home to seven: Fort Worth-Arlington, Houston-Sugar Land-Baytown, McAllen-Edinburg-Mission, San Angelo, San Antonio, Wichita Falls, and the Austin-Round Rock area. These 23 areas are showing the most potential for market bounce backs, recoveries that could begin as early as the end of 2009.
Experts are warning, however, that the bounce back may not be a single bounce. Economists have warned that the housing market will “be bouncing around the bottom” for the second half of the year until it stabilizes in early 2010. This period, between the end of 2009 and the beginning of 2010, will be a peak time for investors to pluck up real estate before the market makes a full recovery. This means big business for realtors. As housing sales increase, so do the bottom line for realtors and their companies. If you’ve been waiting to jump into the real estate market, now is the time. Take advantage of the projected real estate boost by getting your Texas real estate license.
If you’re looking for the knowledge, not just the piece of paper calling you a realtor, you need to trust your real estate education to the experts at The Austin Institute of Real Estate. They have developed and utilize a three step system that incorporates every aspect of real estate from the technical to the financial side. The Texas Institute has 20 years of experience in preparing students for their Texas real estate license, and prides itself in its educated alumni. Take advantage of the market while you can with your Texas real estate license and training at the Texas Institute of Real Estate.
View the discussion thread.
Experts Predict A Lucrative Real Estate Up-Turn Period
The real estate market has been a mark of concern for the nation for nearly half a decade. Between the peak of real estate prices in 2005 to early 2009, total home re-sales fell 38 percent while sales of new homes dove more than 76 percent. Construction of homes and apartments skidded to a stop by nearly 80 percent, and for the first time in more than forty years, home prices posted consecutive yearly declines. But, according to The Associated Press, “the worst is over,” and people are jumping at the chance to cash in on the anticipated up-turn in the market with a Texas real estate license.
Because of its mild recession, Texas has been called “one of the best places in the world to work through the current global recession,” according to BBCA Compass Chief Economist Nathaniel Karp. He also indicated in an interview with the San Antonio Business Journal that Texas will be a good place to enjoy the upside of the recession as signs of life are beginning to show again. He went on to add that the third quarter of 2009 could mark gross domestic product growth, and movement in the real estate sectors.
Every recognizable sign, except foreclosure rates, are pointing toward a stabilized Texas housing market. Across the nation, June home resales were up 9 percent from January, and sales of new homes rose 17 percent during the same period. Even construction has risen nearly 20 percent since the beginning of the year. Real estate prices also rose in May, the first month to see increases since 2006.
Moody’s Economy.com agrees that the recession may finally be nearing its end. Though no single metro area in the nation was “in recovery,” 23 of 381 areas showed a “moderating” recession, meaning their economies were not shrinking as severely. Of those 23, Texas is home to seven: Fort Worth-Arlington, Houston-Sugar Land-Baytown, McAllen-Edinburg-Mission, San Angelo, San Antonio, Wichita Falls, and the Austin-Round Rock area. These 23 areas are showing the most potential for market bounce backs, recoveries that could begin as early as the end of 2009.
Experts are warning, however, that the bounce back may not be a single bounce. Economists have warned that the housing market will “be bouncing around the bottom” for the second half of the year until it stabilizes in early 2010. This period, between the end of 2009 and the beginning of 2010, will be a peak time for investors to pluck up real estate before the market makes a full recovery. This means big business for realtors. As housing sales increase, so do the bottom line for realtors and their companies. If you’ve been waiting to jump into the real estate market, now is the time. Take advantage of the projected real estate boost by getting your Texas real estate license.
If you’re looking for the knowledge, not just the piece of paper calling you a realtor, you need to trust your real estate education to the experts at The Austin Institute of Real Estate. They have developed and utilize a three step system that incorporates every aspect of real estate from the technical to the financial side. The Texas Institute has 20 years of experience in preparing students for their Texas real estate license, and prides itself in its educated alumni. Take advantage of the market while you can with your Texas real estate license and training at the Texas Institute of Real Estate.
View the discussion thread.