Real Estate Industry News

Keep Your Finger on the Pulse of the Real Estate Industry

At Champions School of Real Estate®, our number one focus is your successful career in Real Estate. We feel that we provide very high quality Texas Real Estate education and our customers agree! Boost your chances of success by keeping a finger on the pulse of the industry itself using these helpful articles.

Latest Industry News

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    Austin Office Market Growing in Suburbs

    AUSTIN (REOC Austin) - Date: 05/15/2017

    Job growth continues to translate into new tenant leases and expansions in the local office market, particularly in the suburbs, reports REOC Austin in its recent survey of nearly 41.6 million sf of office space.

    The firm found that gross leasing activity generated 303,810 sf of positive net absorption in the third quarter, with activity in suburban areas leading the way.

    While office buildings in the CBD had 34,240 sf of positive net absorption, suburban buildings had 269,570 sf. Year-to-date, the greater office market has had a total net absorption of 760,944 sf, with the CBD and suburban markets accounting for 83,685 and 677,259 sf, respectively.

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    Houston Home Sales Approaching Record Highs

    HOUSTON - Date: 05/15/2017

    Existing single-family home sales are on a record-setting pace, according to data provided by the Houston Association of Realtors (HAR).

    Area real estate agents sold 68,078 homes during the first nine month of this year, 22.1 percent more than the same period last year. If the current pace continues, more than 90,000 homes will be sold this year, making it the best year on record. The previous record was 88,799 homes in 2006.

    Home sales are driven by the 300,000 jobs created since the recession ended in January 2010. New residents are moving to the area at a rate of 180 per day. In addition, incomes have increased. Median family household incomes stood at $65,854 in 2012, a 5.2 percent increase from 2009, according to the U.S. Census Bureau.

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