What’s in the forecast for Texas’ real estate market?
Feb 21, 2025
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Blaise Ganey, a Texas newsroom reporter, sheds light on the contentious school choice bill and its implications for public education funding. Joining him is Daniel Oney, Research Director at the Texas Real Estate Research Center, who forecasts housing trends for 2025. They discuss the rising single-family home prices, stagnating rental markets, and the urgent need for affordable housing amidst Texas' booming population. The conversation also touches on public health issues, including flea-borne typhus, that complicate the housing landscape.
The Texas legislature is facing significant debates over school choice bills, highlighting tensions between public funding and educational equity for vulnerable students.
Forecasts for Texas' real estate market indicate ongoing affordability issues due to rising prices and construction costs, complicating access for prospective homeowners.
Deep dives
Texas School Voucher Legislation
The Texas legislature is currently grappling with conflicting bills on school choice, commonly referred to as school vouchers. The Texas Senate has proposed a plan that allocates $10,000 per student for private education, while the Texas House's version offers 85% of the public funding allocated to public school students instead. This distinction is significant, as the House bill prioritizes children with disabilities and low-income students, ensuring they are not competing in an open lottery for funding. The divergent approaches raise critical questions about educational equity and the future of public versus private schooling in Texas.
Housing Affordability Crisis
Concerns regarding the Texas real estate market are growing, particularly around housing affordability as the state experiences a surge in population growth. Recent reports indicate that property prices have risen significantly while remaining stagnant for the past few years, with new construction offerings unable to solve the affordability crisis. Despite an increase in building permits, rising construction costs and high demand continue to put pressure on home prices, complicating access for many buyers. Predictions for 2025 suggest a modest price increase, highlighting the ongoing challenges for prospective homeowners across Texas.
Rising Threat of Flea-Borne Typhus
Flea-borne typhus is experiencing a concerning resurgence in Texas, with cases rising sharply in recent years. The disease, spread through flea bites or contaminated materials, has increased dramatically since the early 2000s, impacting areas beyond traditional hotspots in South Texas. Factors contributing to this surge include rising populations, warmer temperatures that boost flea activity, and lack of effective vaccines for prevention. Public health experts emphasize the importance of flea control measures for pets and the need for community awareness to combat this dangerous disease.
Community Resilience Against SpaceX Expansion
Residents and environmental groups in the Boca Chica area are rallying to preserve their beloved beach amidst the rapid expansion of SpaceX. Initiatives such as the Boca Chica Corazon Grande project aim to document and celebrate the local culture and the historical significance of the beach beyond the confines of space travel. Local organizers stress that while SpaceX brings economic benefits, it also poses challenges of gentrification and environmental impact that threaten the identity of Boca Chica. This community-driven effort seeks to ensure that local voices are heard and cherished in the face of impending changes.
We’re taking a closer look at what’s been happening at this Texas Legislature on school choice, aka school vouchers – and why there could be an early battle between the House and Senate. Plus, the first in a series of profiles of the people behind the politics at the Legislature, starting with Rep. Cassandra Garcia Hernandez. What’s happening with Texas real estate right now? A forecast for 2025. Concerns in North Texas about a virus far more common in South Texas: flea-borne typhus. And: the week in Texas politics with The Texas Tribune and poetry from the Typewriter Rodeo.