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"'As Is'" (Fambrough) No. 1899, Tierra Grande reprint, 4pp. (4/27/2009) |
Selling residential property 'as is' raises questions because the Texas Supreme Court has never addressed the issue. It has, however, approved the sale of commercial property in this manner. Based on that decision, several lower appellate courts have now approved the "as is" sale of residential property as long as certain requirements are met. More » |
"Automation Pays" (Klassen) No. 1902, Tierra Grande reprint, 4pp. (4/27/2009) |
Real estate firms of all sizes should investigate accounts payable automation to reduce costs and improve case management. More » |
"Balancing Act: What is a 'Normal' Market?" (Gaines) No. 1897, Tierra Grande reprint, 3pp. (4/27/2009) |
The months inventory measure is one way to determine the relative balance of housing supply and demand in a market. As supply increases relative to demand, prices tend to fall. Inventory level is not the only factor affecting prices, so the relationship is not a direct, mathematically precise computation. Rather, it is a general indicator of the direction and potential magnitude of future price changes. More » |
"Federal Taxes Reflect Growth" (Anari) No. 1900, Tierra Grande reprint, 3pp. (4/27/2009) |
Comparing Texas and U.S. tax revenues provides a clearer, more timely picture of how the Texas economy stacks up against the nation's than looking at employment and income data, which are continually revised. The state's total tax revenues grew by 8.6 percent from 2007 to 2008, compared with a growth rate of only 1.9 percent for the nation. More » |
"Old School: Lessons from the '80s and '90s" (Hunt) No. 1901, Tierra Grande reprint, 6pp. (4/27/2009) |
Based on the timeline of the 1980s and 1990s economic downturn and eventual recovery, the current commercial real estate situation may last longer than expected. Part of the problem may be attributed to recurrence of a wide bid-ask spread in the property markets. More » |
"Pay Dirt" (Gilliland) No. 1904, Tierra Grande reprint, 2pp. (4/27/2009) |
Continuing economic uncertainty is prompting some investors to purchase farmland as an investment. Cropland prices and rents have increased steadily since 2004, in part because of rising commodity prices. But the 2008 run-up and subsequent collapse in commodity prices have caused other investors to rethink their strategies. More » |
"Solving America's Housing Crisis" (Dotzour) No. 1903, Tierra Grande reprint, 2pp. (4/27/2009) |
The problems in the housing market are the result of too much supply and not enough demand. Construction of new homes in over supplied markets should end. Investors should be encouraged to purchase vacant homes for rental purposes. And the government should guarantee Fannie and Freddie mortgage bonds to restore faith in those entities. More » |
"The Ravages of Inflation" (Dotzour) No. 1898, Tierra Grande reprint, 2pp. (4/27/2009) |
When inflation strikes, consumers look to gold, real estate, foreign assets from countries with stable currencies and inflation-protected U.S. Treasury bonds. But gold is always a high-risk investment. The best bets from this list are quality real estate properties and TIPS. More » |
Automating Accounts Payable (Klassen) No. 1896, Technical report, 1223pp. (4/1/2009) |
A smooth-functioning accounts payable system is a critical element in any effort to conserve cash. This report covers: Why automate? How does it work? Preparing for automation and the automated A/P process. More » |
"'09 Outlook: Nothing Certain but Uncertainty" (Gaines) No. 1891, Tierra Grande reprint, 5pp. (1/19/2009) |
This year (2009) will not be as good as the past few for Texas housing markets thanks to the global economic recession and capital market collapse. Home sales will continue to dip, as will new home construction, which is expected to fall for at least the next two years. Recovery depends on the home mortgage credit market and the financial sector at large regaining stability. More » |
"Beginner’s Luck: Interest-Free Government Loans for First-Time Homebuyers" (Stern) No. 1893, Tierra Grande reprint, 1pp. (1/19/2009) |
First-time homebuyers may benefit from a $7,500 interest-free government loan for homes purchased and occupied after April 8, 2008, and before July 1, 2009. The loan is repaid over 15 years. The loan balance is forgiven if the home is sold at a loss before the 15-year term ends. More » |
"Condemnation and Compensation: Landowners’ Rights and the Trans-Texas Corridor " (Fambrough) No. 1895, Tierra Grande reprint, 2pp. (1/19/2009) |
Property owners who face condemnation of their land for toll roads or other parts of the now-defunct Trans-Texas Corridor should protect their interests by learning landowner rights and knowing the fair market value of their properties -- before the condemnation process begins. More » |
"Conservation Easements Revisited" (Nichols & Gilliland) No. 1888, Tierra Grande reprint, 3pp. (1/19/2009) |
Texas landowners have historically been skeptical of conservation easement tax benefits, but the Pension Protection Act of 2006 and the farm bill passsed in 2008 significantly improved those benefits. Landowners may wnat to take another look at the tax deductions offered by conservation easements. More » |
"Land Whoa! Hot Markets Cool" (Gilliland) No. 1890, Tierra Grande reprint, 2pp. (1/19/2009) |
The general decline in economic activity in the aftermath of the financial meltdown threatens Texas land markets. Market observers predict sales volume will diminish, and prices will stagnate in the short term. More » |
"Lost in Space: Fewer Workers, Higher Commercial Vacancies" (Dotzour) No. 1886, Tierra Grande reprint, 2pp. (1/19/2009) |
Release of pent-up demand from businesses that have been postponing decisions since January 2007 could result in a pleasant surprise in summer 2009. More » |
"Psst! Heard About EEMs? " (Hunt) No. 1892, Tierra Grande reprint, 3pp. (1/19/2009) |
FHA's Energy Efficient Mortgage (EEM) Program allows the costs of purchasing and installing energy-efficient features to be incorporated into FHA-insured new home loans or refinancing loans. More » |
"Realtors Without Borders" (Hunt) No. 1894, Tierra Grande reprint, 2pp. (1/19/2009) |
Selling Mexican real estate to Texans or Texas real estate to Mexicans is easier now than it was. Partnering with cross-border counterparts is essential to success. More » |
"Taking Title: Industry Offers Peace of Mind" (Anari) No. 1887, Tierra Grande reprint, 2pp. (1/19/2009) |
The title industry assures property buyers that their ownership interests are protected. The industry has grown as Texas' economy has thrived. But as evidenced by losses paid, it remains a risky business. More » |
"The H Factor" (Anari) No. 1889, Tierra Grande reprint, 3pp. (1/19/2009) |
Center research findings indicate that household income and age of the housing stock are the most important factors in determining Texas home prices. More » |
Texas Land Market Developments, Third Quarter 2008 (Jacob, Singh & Gilliland) No. 1885, Technical report, 9pp. (1/16/2009) |
Through 2007, Texas land prices soared to 224 percent of the 2002 price. That's a compound growth rate of 17 percent annually. Early 2008 reports indicated prices continued the upward trend but at a slower pace than 2002-07. More » |
Establishing and Governing the Real Estate Center (Legislature) No. 1, Reference, 2pp. (12/17/2008) |
Legislation establishing the Texas Real Estate Research Center at Texas A&M University. More » |
The Texas Deer Lease (Fambrough) No. 570, Technical report, 17pp. (Revised 12/17/2008) |
Declines in revenues from agriculture and petroleum give added importance to income generated by lease hunting. This easy-to-read report offers hunters and landowners suggestions for avoiding misunderstandings common in lease agreements. Add To Cart » |
Bold Government Can Solve America's Housing Crisis (Dotzour) No. 1884, Technical report, 2pp. (12/4/2008) |
This short white paper outlines the author's four-part proposal to stop the decline in America's national housing market. More » |
Obtaining a Texas Real Estate License (Fambrough) No. 1149, Technical report, 36pp. (Revised 11/6/2008) |
The most complete guide found anywhere to obtaining a Texas real estate salesperson's license. Everything from what activities require a license to actual application forms. This report has been reviewed by the Texas Real Estate Commission. More » |
Texas Real Estate Industry Review, 2008 (Anari) No. 1883, Technical report, 5pp. (11/3/2008) |
The Texas real estate industry plays a critical role in the state's economy. The report has details of multiplier effects, contributions to the gross domestic product, employment and wealth creation. The report has eight tables. More » |