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Articles by Joshua Roberson
Texas Housing Insight | March 2025
All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. Total home sales declined in first quarter 2025. The recent surge in inventory was not enough to counteract a slowdown in home sales, with February and March contributing to the overall decline. As mortgage rates held high near 6.75 and 7 percent, the slowdown in sales underscored ongoing affordability challenges weighing on buyer demand.
Outlook for the Texas Economy | March 2025
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. Texas employment expanded for the fourth consecutive month. However, despite sustained growth, the unemployment rate has not changed in three months.
Texas Housing Insight | February 2025
All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. The Texas housing market reflected ongoing challenges in February 2025, with weak home sales a reminder of low affordability and cautious buyer behavior amid economic uncertainty. Home sales ranked among the weakest on record for a February since 2019. High mortgage rates continue to weigh on buyer affordability.
Outlook for the Texas Economy | February 2025
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. Overall Texas employment grew in February despite declines in major sectors such as professional business services and health and education.
Texas Housing Insight | January 2025
The latest housing data show conditions have shifted in favor of homebuyers as the spring homebuying gets underway. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. The latest housing data show conditions have shifted in favor of homebuyers as the spring homebuying gets underway. In particular, the housing inventory has been building up for some time now and reached levels not seen in a long time.
Texas Border Economy | Fourth Quarter 2024
Texas Border Economy is a summary of important economic indicators that help discern trends in the housing markets along the Texas-Mexico border. Border metros ended the year on a positive note. Overall employment and average wages increased while the unemployment rate decreased. The dollar continues to rise against the peso and Texas exports fell, leading to a greater trade deficit.
Outlook for the Texas Economy | January 2025
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. In January, inflation increased with the CPI rising 3 percent year over year (YoY) and core inflation up 3.3 percent.
Texas Housing Insight | December 2024
All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. In a sign of stabilization, Texas’ home sales rose significantly in December to deliver a strong fourth-quarter finish going into 2025. Rising sales were seen broadly across all major markets (Austin, Dallas-Fort Worth, Houston, and San Antonio) as well as in smaller markets outside the Big Four.
Outlook for the Texas Economy | January 2024
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. Texas consumers remained confident in the economy with consumer confidence rising for the second consecutive month.
Outlook for the Texas Economy | January 2023
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published.
Outlook for the Texas Economy | February 2023
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. Economic uncertainty continues to creep into the Texas economy due to the Federal Reserve’s commitment to combat high inflation.
Texas Housing Insight | November 2024
All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. Home sales typically cool off by October following the busy summer homebuying months. This year is a little different as sales in both September and October came in higher than they did during the summer. With the sales momentum extending into early fall, November total home sales took an expected seasonal downturn.
Outlook for the Texas Economy | December 2024
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. Texas total nonfarm employment finished the year with strong growth. December’s unemployment rate and labor participation rate held steady at November levels.
Texas Housing Insight | October 2024
Click here to receive email notifications each time this report is published. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month-over-month, unless stated otherwise. Home sales typically cool off by October, but this year is a little different with sales in both September and October higher than they were during the summer. The rate of new listings is still on the rise resulting in rising inventory levels.
Outlook for the Texas Economy | December 2023
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. The Texas economy remained resilient with consumer confidence rising despite high inflation.
What does the 2023 economy hold for Texas? A&M experts make their predictions
Economic forecasts are tricky, what with so many state, national, and global variables at play (to say nothing about how a devastating weather event such as a hurricane or winter storm can reshuffle the deck mid-year). But using their collective understanding of current economic and market conditions and by looking at past market trends, the Texas Real Estate Research Center’s (TRERC) research team has made some educated guesses for 2023.
Outlook for the Texas Economy | January 2022
Outlook for the Texas Economy summarizes significant state economic activity and trends. All measurements are calculated using seasonally adjusted data, and percentage changes are calculated month over month, unless stated otherwise. Click here to receive email notifications each time this report is published. The Texas economy continued forward at a strong pace during January. The outlook for the state’s economy is optimistic, though rising inflation is still a concern.
Zillow May Be Selling 7,000 Homes After Halting New Buys. Is iBuying Done For?
Text size Zillow's apparent stumbles have cast a shadow on iBuying. But elsewhere, the sun is shining, write Joshua Roberson and Luis Torres. Courtesy of Zillow About the authors: Joshua Roberson is lead data analyst at the Texas Real Estate Research Center at Texas A&M University. Luis Torres is a research economist at the center.
All's well when oil's well
All's well when oil's well The party is back on in the Permian as oil continues to rebound after busting in mid-2014. While optimists may say "this time is different," this oil cycle truly is in many ways. New technologies have boosted drilling efficiency in the oil patch providing American firms a competitive advantage in the global market even as oil prices gradually rise. After a rough 2016, Midland's economy has picked up where it left off before the bust.
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