Economic & Real Estate Market Update for Central Texas

Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

I sat next to my colleague, Sheri Brummett, from my Coldwell Banker office. So much information and are looking forward to receiving the slide presentation used.

I was thrilled to be invited to the Austin Mortgage Bankers Association luncheon this past week. I always enjoy hearing Jim Gaines, the guru of housing economics, speak. He is a Research Economist with the Texas A & M Research Center and spoke on the economic climate, inflation and how the housing market is doing in Central Texas. 


Thank you, Kristin Carroll, with Sente Mortgage, for the invite. Definitely well spent time...…knowledge is power. I always love working and spending time with you!

Jim Gaines has more than 35 years’ experience, primarily in real estate research and education, urban economics, land use analysis, development and project risk assessment.

He is a witty speaker and the gist of his message was the sky is not falling for Central Texas! We have good continued economic growth but at a slower pace. The economy has variables with the war in Ukraine, inflation and continued Pandemic issues. However, here are 9 things we know:

u Probable recession (maybe already) – Texas should fair okay 

u Population – people are coming because of our availability of jobs 

u Housing will be strong – seller’s market moving to more balance 

u Interest rates will hold back some demand for new and  existing homes

u Short supply will continue to fuel higher prices

uExtended construction time: labor and supplies more costly and short supply 

u Higher gas prices may affect demand in suburbs/exurbs

u MF rents will escalate as owner housing market recedes

u Energy may feed local economics; overall not as positive statewide

u Industrial market very strong; office market slower to get back

u Retail continues to move to expand

u Hotels, restaurants and other service businesses recovering

u Land Markets doing well, prices continue upward trend but at slower rate

Major concerns Jim outlined:


u Inflation: food and fuel major factors

u Consumer activity – switch from goods to services

u Tight labor market

u Fed actions and monetary policies – uncertain results

u Lack of common cause and/or direction politically, socially, economically at all levels – divisiveness


uChina: economy and political activity

uRussian-Ukrainian war and recessionary impact on Europe

uOil and gas inventories, transmission, refining capacity and prices

There are lots of variables that can change the landscape of our economy, on a dime. I’m glad to live in Central Texas and NOT planning to hit the panic button anytime soon! We are not bullet proof but with the huge corporate relocations/investments coming to Austin, bringing so many jobs, I believe our Central Texas 2 - 5+ year prognosis is looking good!

Posted by

Austin TX Canyon Creek Real Estate Agent

(512) 750-6899


My ActiveRain Blog
Austin Real Estate Website
Canyon Creek Neighborhood

I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!

Comments (11)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Dorie - I wish I have been there to hear it too.  Sounds like he covered everything from an analytical view.

Aug 07, 2022 06:13 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

It is good to hear your area is doing well and should continue to do well.  I am not sure if CA will fair as well.  Many of our top companies are leaving or planning to leave.  We have a rough business climate here.

Aug 07, 2022 06:14 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Enjoyed your post this morning.  Have a wonderful and restful Sunday. Bill

Aug 07, 2022 06:25 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dorie and like going to events like this with friends and thank you for sharing your blog with us here in the Rain.  Make it a great day!

Aug 07, 2022 07:41 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Grant Schneider : I like to hear different speakers with different perspectives to form my own opinions.

Hi Ray Henson : We are absorbing so many new companies because of our business friendly policies.

Aug 07, 2022 08:37 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Bill Salvatore - East Valley : Thanks for stopping by

Hi Will Hamm : I like to hear different perspectives on our economy. We will all have to learn to roll with what is facing us.

Aug 07, 2022 08:39 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I am certain that Central Texas home buyers and sellers will value your real estate perspective, Dorie.

Aug 07, 2022 11:00 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Well, he certainly highlights all the variables in this market Dorie. I'm sure this was a good time spent learning and socializing!

Aug 07, 2022 12:54 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Myrl Jeffcoat : I always enjoy going to these presentations at this time of the year...especially this year!

Hi Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 : Yes he did and now we wait to see the direction our country is headed.

Aug 07, 2022 02:31 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie sounds like this was well worth the time to attend.

Aug 07, 2022 06:33 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi George Souto : It definitely was a good one to attend.

Aug 08, 2022 08:03 PM