Steady as She Goes! Texas Land Markets in the Second Quarter of 2019
Continuing robust economic activity supported by a thriving oil industry elevated Texas land prices to $2,878 per acre in the second quarter of 2019. The expanding affluence fueled demand for recreational and investment properties driving a 5.96 percent annualized increase statewide. Typical size ebbed 18.12 percent to 1,263.77 acres, suggesting...