The importance of having the right attitude and being of service
09/08/2016 | Author: Editorial Staff
The 2016 Texas REALTORS® Conference kicked off Wednesday in Galveston with an opening session headlined by U.S. Army veteran, motivational speaker, actor, and Dancing With the Stars Season 13 winner J.R. Martinez, who told attendees about his amazing life story. After planning his childhood around playing football and making it to the NFL, Martinez found himself falling in love with service in the U.S. Army. Even through his recovery after a roadside bomb blew up his Humvee in Afghanistan, Martinez’s attitude and willingness to be of service have helped him find success.
What will the Texas Legislature do about school finance?
During the Public Policy Forum, state Reps. John Otto and Ken King discussed the future of the Texas school finance system. With school district performance being a priority for many homebuyers, adequately funding public schools is an issue that directly affects the business of Texas REALTORS®. The legislators agreed that the system is complicated and deserves attention in the wake of the Texas Supreme Court ruling in May 2016 that the state’s patchwork school-finance system is constitutional but needs work. “You can't solve this problem overnight,” Otto said. "It's never going to be equal, but it could be fair." The Texas Legislature convenes Jan. 10, 2017, and King said he expects to debate changes to the public education system. "It will be the number one topic of the session," he said.
The economy is growing, but slowly
Harold Hunt, a research economist with the Real Estate Center at Texas A&M University, kicked off Wednesday with an economic forecast for the TAR Commercial Networking Forum. The national economy is in slow growth mode, according to Hunt, but Austin and Dallas are among the top job markets in the country, with both growing at nearly 4%. And while the oil dip has hurt producers and the Texas economy, Hunt said that he thinks shale producers in the Permian Basin and Eagle Ford Shale will be able to ramp back up as quickly as they need to when the time comes.
Slow growth affects international home sales, as well
Luis Torres, also an economist with the Real Estate Center, explained to the International Forum how a strong dollar and slow growth in the global economy makes it more expensive for foreign buyers to purchase homes in the U.S. Drawing from NAR’s 2016 Profile of International Activity in U.S. Residential Real Estate, Torres explained how economic factors can change the face of foreign buyers, such as spurring a shift to more resident foreign buyers than non-resident foreign buyers.
The Texas REALTORS® Conference runs through Saturday, Sept. 10. For updates and news from the conference, follow #TARconf on Twitter.
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