Domestic Migration and Wealth: Texas’ Ongoing Boom 

More people are moving to Texas from other states than are leaving for opportunities elsewhere. Using IRS migration data for tax years 2016-21, we see a pattern of positive domestic migration that has been growing fast and steadily since 2017 (Figure 1). A positive net migration increase occurs when

Loper Bright Could Be a Watershed Moment

Often, the ramifications of a single court case become apparent years after the decision. All early indications are that Loper Bright1 was a Big Deal with an immediate impact. In Loper Bright, the United States Supreme Court overruled the doctrine of Chevron2 deference to federal agency interpretati

Real Estate Loans are Down From a Year Ago. Here are Three Reasons Why. 

By the end of June, monthly U.S. real estate loans for all commercial banks decreased .09 percent from May to $5.6 trillion. This marks the first decrease since the same month last year (Figure 1). Three factors were primarily behind the current downturn.  Source: Federal Reserve Economic Data  High

Do Investors Flood Housing Markets After Natural Disasters? 

More than 180 natural disasters have impacted Texas since 1980, and the combination of economic growth patterns and climate change is projected to expose a growing share of the state’s population to these traumatic events, according to the Office of the Texas State Climatologist at Texas A&M Univers