REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Texas is a well-oiled real estate machine

A recent CNBC article referred to Texas as a “well-oiled real estate machine” based on the evidence that residential real estate is reaping the benefits of an economy supported by energy production which has created jobs and bolstered demand.  The article cited Jim Gaines, research economist at the Real Estate Center at Texas A&M University, who said, “The middle of the country, the spine, has done much better than the two coasts.  A common thread is energy, from Texas to the Dakotas — there has been a real boom time due to the exploration and drilling activity.”

Click to read the full article: Texas is a well-oiled real estate machine (CNBC, 3-30-12)

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