What is the Impact of Rate-Locked Buyers on Residential Sales?

Rate lock-in describes a scenario where leveraged homeowners are disincentivized to purchase another home because prevailing interest rates sufficiently exceed the fixed rate guaranteed on their existing mortgage.   Suppose a homeowner secured a 4 percent fixed-rate mortgage in 2017 and still owed $

Are REITs On the Mend? 

The Federal Reserve's most recent interest rate hikes have had a negative impact on the real estate investment trust (REIT) sector. The post Are REITs On the Mend?  appeared first on Texas Real Estate Research Center.

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