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Household Formation Correlated with Unemployment

Household Formation Correlated with Unemployment | Texas Coast Real Estate | Scoop.it

Roartybomb poster Mike Konczal looks at divorce rates and birth rates in each state, which reveals that higher unemployement rates by state tie directly to lower divorce rates and lower birth rates.


New people (birth rate) and divorce drive new household formations. Konczal's conclusion is that the pent-up demand for housing, both rental and for-sale, may not materialize unless people can pay for divorce and babies.


Family household growth has completely decoupled from the US population growth since 2008, creating the pent-up demand.

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Take A Look At The Most Expensive Homes For Sale In Texas - Texas Monthly

Take A Look At The Most Expensive Homes For Sale In Texas - Texas Monthly | Texas Coast Real Estate | Scoop.it

If you’ve got a spare $17.5 million lying around, you’ve got some real options.

Michael Stuart's insight:

Just because most of the crazy expensive properties in Texas are in Houston and Dallas doesn’t mean that there ain’t money getting spent in San Antonio. Indeed, though it’s the only one to crack the top ten, this 23,000-square-foot palace near the delightful Magnolia Pancake Haus and a pretty good Denny’s is the largest house on the entire list.


What does your $17.5 million get you besides easy access to an Olive Garden? How’s an eight-car garage sound?


How ’bout twelve friggin’ bedrooms? What about an underground wine cellar, or your own yoga room, or a 20-foot-tall rock wall on the exterior? How’s a 600-gallon fishtank sound, or your own private barbershop? A lake with a waterfall? You got it. You got everything. You’re right next to Denny’s and you have a lake with a waterfall. You are living the San Antonio dream. Congratulations to you, to me, to the planet earth. Life is so good right now

425 Bitters Lane, San Antonio TX—$17,500,000

Just because most of the crazy expensive properties in Texas are in Houston and Dallas doesn’t mean that there ain’t money getting spent in San Antonio. Indeed, though it’s the only one to crack the top ten, this 23,000-square-foot palace near the delightful Magnolia Pancake Haus and a pretty good Denny’s is the largest house on the entire list. What does your $17.5 million get you besides easy access to an Olive Garden? How’s an eight-car garage sound? How ’bout twelve friggin’ bedrooms? What about an underground wine cellar, or your own yoga room, or a 20-foot-tall rock wall on the exterior? How’s a 600-gallon fishtank sound, or your own private barbershop? A lake with a waterfall? You got it. You got everything. You’re right next to Denny’s and you have a lake with a waterfall. You are living the San Antonio dream. Congratulations to you, to me, to the planet earth. Life is so good right now.

- See more at: http://www.texasmonthly.com/the-daily-post/take-a-look-at-the-most-expensive-homes-for-sale-in-texas/#sthash.Hfcsr5b0.dpuf

425 Bitters Lane, San Antonio TX—$17,500,000

Just because most of the crazy expensive properties in Texas are in Houston and Dallas doesn’t mean that there ain’t money getting spent in San Antonio. Indeed, though it’s the only one to crack the top ten, this 23,000-square-foot palace near the delightful Magnolia Pancake Haus and a pretty good Denny’s is the largest house on the entire list. What does your $17.5 million get you besides easy access to an Olive Garden? How’s an eight-car garage sound? How ’bout twelve friggin’ bedrooms? What about an underground wine cellar, or your own yoga room, or a 20-foot-tall rock wall on the exterior? How’s a 600-gallon fishtank sound, or your own private barbershop? A lake with a waterfall? You got it. You got everything. You’re right next to Denny’s and you have a lake with a waterfall. You are living the San Antonio dream. Congratulations to you, to me, to the planet earth. Life is so good right now.

- See more at: http://www.texasmonthly.com/the-daily-post/take-a-look-at-the-most-expensive-homes-for-sale-in-texas/#sthash.Hfcsr5b0.dpuf

425 Bitters Lane, San Antonio TX—$17,500,000

Just because most of the crazy expensive properties in Texas are in Houston and Dallas doesn’t mean that there ain’t money getting spent in San Antonio. Indeed, though it’s the only one to crack the top ten, this 23,000-square-foot palace near the delightful Magnolia Pancake Haus and a pretty good Denny’s is the largest house on the entire list. What does your $17.5 million get you besides easy access to an Olive Garden? How’s an eight-car garage sound? How ’bout twelve friggin’ bedrooms? What about an underground wine cellar, or your own yoga room, or a 20-foot-tall rock wall on the exterior? How’s a 600-gallon fishtank sound, or your own private barbershop? A lake with a waterfall? You got it. You got everything. You’re right next to Denny’s and you have a lake with a waterfall. You are living the San Antonio dream. Congratulations to you, to me, to the planet earth. Life is so good right now.

- See more at: http://www.texasmonthly.com/the-daily-post/take-a-look-at-the-most-expensive-homes-for-sale-in-texas/#sthash.Hfcsr5b0.dpuf
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Crashing oil prices decimate Texas boomtowns

Crashing oil prices decimate Texas boomtowns | Texas Coast Real Estate | Scoop.it
The market's downturn has nudged the outlook in South Texas from depressed to near desperate.
Michael Stuart's insight:

Texas has experienced oil busts before, most memorably in the mid-1980s, when crude fell to under $10 a barrel and bankrupted towns across the state. This one feels similar to that bust in its length and global impact, said Scott Tinker, director of the Bureau of Economic Geology at University of Texas at Austin.

“This one is deeper and longer than the other ones in 1999, 2007, 2009,” he said. “And we haven’t seen signs of the bottom yet.”

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Houston's Real Estate Market Feeling The Effects Of Oil's Price Drop - Texas Monthly

Houston's Real Estate Market Feeling The Effects Of Oil's Price Drop - Texas Monthly | Texas Coast Real Estate | Scoop.it
Don’t be fooled by claims of economic diversification—the city still runs on oil.
Michael Stuart's insight:

The Texas coast will follow Houston

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How to Pick Designer Beach Wedding Dresses

How to Pick Designer Beach Wedding Dresses | Texas Coast Real Estate | Scoop.it
Wedding Intro - Essential Wedding Information

Via Wedding Intro
Michael Stuart's insight:

Fits a cinnamon shore class wedding.

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Texas 2015 Housing Market follows Price of Oil

Michael Stuart's insight:

Oil prices dips below $34 amid world economic turmoil

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Texas Coast Amazing Christmas Light Show

Texas Coast Amazing Christmas Light Show | Texas Coast Real Estate | Scoop.it

The Johnson family goes all out on North Padre Island

Michael Stuart's insight:

North Padre Island, Corpus Christi, Texas

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New development underway on Mustang Island for new beach and bay homes

New development underway on Mustang Island for new beach and bay homes | Texas Coast Real Estate | Scoop.it
That earth-moving equipment visible lately on property across State Hwy. 361 from the Cinnamon Shore subdivision is in the midst of a canal digging project for what is envisioned eventually to be a new residential and commercial development.
Michael Stuart's insight:

Sea Oats Group, the firm that developed Cinnamon Shore, has purchased 114 acres of land at that location from the developers of Palmilla Beach Resort and Golf Club, said Charles Duffley, managing director of Sea Oats Group.

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Economic downturn drags luxuy real estate market along

Economic downturn drags luxuy real estate market along | Texas Coast Real Estate | Scoop.it

For the first time in three years, luxury home prices fell in the third quarter, according to a new report by real estate brokerage firm Redfin.

Although non-luxury home prices increased almost 4 percent, luxury homes fell 2.2 percent year-over-year. The drop reflects economic volatility overseas, in China but also Latin America, while also pointing to an increased supply.

Michael Stuart's insight:

Coastal markets are always a high point for luxury sales, the views and proximity to the ocean never go out of style.

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Did You Know? Vacation Beach Houses

Did You Know? Vacation Beach Houses | Texas Coast Real Estate | Scoop.it
This infographic contains a fact from the 2015 Investment and Vacation Home Buying Survey about buyers of vacation beach houses.
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South Dakota Approves Pipeline as states want the financial benefits more than federal politics

South Dakota Approves Pipeline as states want the financial benefits more than federal politics | Texas Coast Real Estate | Scoop.it

South Dakota regulators approved a construction permit for a pipeline that will cross through the state as it carries North Dakota oil to Illinois .
The South Dakota Public Utilities Commission voted to approve the permit for the Dakota Access Pipeline, and construction on the roughly 270-mile leg could begin early next year.

The 1,130-mile pipeline, proposed by Dallas -based Energy Transfer Partners , would move at least 450,000 barrels of crude daily from the Bakken oil patch in western North Dakota through South Dakota and Iowa to an existing pipeline in Patoka, Illinois , where shippers can access Midwest and Gulf Coast markets.

While hailed as a safe and cost-effective way to transport crude oil, opponents worry the pipeline could lead to environmental contamination.

The $3.8 billion project needs approval in all four states, but South Dakota is the first, the company said.

"This is an important infrastructure project that will provide a more direct, cost-effective, safer and environmentally responsible manner to transport this crude oil," spokeswoman Vicki Granado said in a statement. "We look forward to being a part of South Dakota's business and civic communities.

The relative cost of rerouting this pipeline farther away from this growth area is pennies to the dollar for a multibillion-dollar pipeline.


Michael Stuart's insight:

Supporters of the project cite a need for energy security, point to the jobs it would create and maintain that transporting oil by pipeline is safer than moving it by rail or truck.

Opponents worry the pipeline could contaminate water supplies, farmland and archaeological sites, and harm habitat for wildlife, including endangered species.

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Eagle Ford towns can ride out the downturn in the energy industry

Eagle Ford towns can ride out the downturn in the energy industry | Texas Coast Real Estate | Scoop.it
A new study by UTSA suggests five ways to mitigate the "resource curse" and create true economic development that is immune from commodity prices.
Michael Stuart's insight:

The five ways to mitigate the "resource curse" and create true economic development that is immune from commodity prices:

  1.     Decreasing oil-and-gas production rates
  2.     Diversification of economic activity
  3.     Revenue stabilization
  4.     Creating "rainy day" funds
  5.     Wise investment policy


Although oil and gas production remains high, towns that use their new wealth to diversify their economies can avoid becoming ghost towns later.

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Hurricanes not the Only Storms to Hit Texas Coast - Insurance Journal

Hurricanes not the Only Storms to Hit Texas Coast - Insurance Journal | Texas Coast Real Estate | Scoop.it
The Texas Windstorm Insurance Association (TWIA), the state created insurer of last resort for 14 coastal counties and parts of Harris County, reports that
Michael Stuart's insight:

The Texas Windstorm Insurance Association (TWIA), the state created insurer of last resort for 14 coastal counties and parts of Harris County, reports that nearly 14,000 claims were filed after violent spring thunderstorms brought hail, wind and flood damage across the state.

Hurricanes produce a massive amount of damage when they do strike the state, but Texas’ frequent hailstorms cause major damage across the entire state and tend to have the greatest effect on homeowner insurance rates,” said Mark Hanna, a spokesman for the Insurance Council of Texas.

The spring storms that consisted of hail and straight-line winds resulted in 13,702 claims amounting to $114 million in insured losses compared to Hurricane Rita’s 11,583 claims and $149 million in insured losses in 2005, according to the Insurance Council of Texas.

Only Hurricane Ike (2008), the costliest storm in Texas history, produced more TWIA windstorm claims than the thunderstorm damage this past April and May. The largest storms struck the Texas coast this year in mid- to late April and again from mid- to late May.

More than 90 percent of the spring storm claims came from Brazoria, Jefferson, Galveston and Nueces Counties.

Despite the large number of claims, TWIA has reported very few complaints and only two lawsuits. By the end of July, 90 percent of TWIA’s spring storm claims had been settled.

Dave Williams, TWIA’s vice president of Claims, says the better service can be tied to a hard-working and dedicated professional staff that has worked together well.

“TWIA has catastrophe plan that we have continuously improved based on lessons learned from prior storms and testing,” said Williams. “We also monitor the performances of independent adjusters, ensuring claims are resolved in a fair and timely manner.”

Since the 2008 hurricanes (Ike and Dolly), the Texas coast has also experienced other hail and windstorm events. While these hail and windstorms along the coast may not get the attention that a hurricane might bring, they can be just as damaging and costly for the Texas coast.

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The FBI List of the Most Dangerous Cities in Texas

The FBI List of the Most Dangerous Cities in Texas | Texas Coast Real Estate | Scoop.it
The most violent cities in Texas might not be the ones you’d expect. 
Michael Stuart's insight:
The Border Is Safe

Border cities get a bad rap as violent, but the Rio Grande Valley is extremely safe. Of the 24 Texas metro areas ranked by the FBI, and Brownsville/South Padre is the safest! 


It's Corpus Christi, Victoria, and San Antonio that within the top 10 on the list (at #7, 8, and 9, respectively).

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Houses On Boca Chica Beach (South Padre Island). All solar and wind powered.

For people who are into solar an wind power, this shows that it can be done.

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Oil Continues to Fall past $30 a Barrel

Oil Continues to Fall past $30 a Barrel | Texas Coast Real Estate | Scoop.it
The ongoing collapse in the price of oil continues today as the price of a barrel of West Texas Intermediate (WTI) crude falls to $30.50
Michael Stuart's insight:

At $20 the Texas economy will falter

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Industry Unites to Create Lone Survivor Foundation Veterans Retreat

Industry Unites to Create Lone Survivor Foundation Veterans Retreat | Texas Coast Real Estate | Scoop.it

Multiple integrators, reps, manufacturers and a distributor unite to help construct audio, video, home theater, controls, HVAC and networking for the Lone Survivor Foundation retreat in Crystal Beach, Texas.

Michael Stuart's insight:

Great

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Family Beach Vacations in Texas

Family Beach Vacations in Texas | Texas Coast Real Estate | Scoop.it

Texas beaches may not be quite as idyllic as those found in Florida or Mexico, but they are more convenient for families looking for beach fun in Texas

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15 Apps to Download Before You Travel

15 Apps to Download Before You Travel | Texas Coast Real Estate | Scoop.it

I travel a lot, and I rely on some great apps to make the “getting there easier"

Michael Stuart's insight:
1. TripIt

TripIt keeps track of your travel itineraries, all in one place. You can either forward your airline, hotel, or train reservations to TripIt, or you can let it auto-scan your inbox and import reservations automatically. No more searching through email archives for all of your confirmation emails.

Best of all, TripIt will alert you to flight delays and gate changes. (The app often knows about delays before the airline desk does!)

 
2. PackPoint or Packing Pro

With sky-high luggage fees at the airport, there’s added pressure to optimize your packing for each trip. PackPoint and Packing Pro offer two slightly different solutions to this dilemma. With either app, simply enter basic information about your trip, and you’ll receive a customizable checklist of what you should bring. It’s great for both worrywarts and forgetful travelers.

 
3. EasyPinger

Traveling to unfamiliar locales means getting online with unfamiliar Internet connections. Is your hotel’s (or your grandma’s) internet connection strong enough for you to Skype? EasyPinger (iOS only) pings a server and tells you what the response time is in milliseconds. Twenty milliseconds? Great connection. Two hundred? Time to find an internet cafe.

 
4 & 5. Word Lens and iVoice Translator

Although our smartphones haven’t quite achieved the convenience of the Star Trek universal translator or the Babel fish from The Hitchhiker’s Guide to the Galaxy, they’re getting crazy close.

Word Lens, which was recently acquired by Google, is an augmented reality app. Point your device’s camera at printed words in one language, and Word Lens replaces the text with a translation in any other supported language.

IVoice Translator performs the same trick for spoken language. Speak into the app in one supported language, and it will repeat what you said in any other supported language. Never mess up a dinner order again!

 
6,7, & 8. Along the Way, Roadside America, and RoadNinja

Will your road trip take you past the world’s largest ball of twine? What about the Robot Hall of Fame or a decent vegan brunch?

Along the Way and Roadside America (both iOS only) serve up interesting attractions to stop and see along the way to your destination.

RoadNinja helps you choose your highway exits wisely based on restaurant offerings, hotel options, and other amenities.

 
9. SitOrSquat

OK, finding a restroom is not the sexiest part of traveling, but you’re not going to hold it until you get home. SitOrSquat finds the public restrooms closest to your current location, and includes ratings and pictures so you can take care of business in the cleanest and most comfortable bathroom.

 
10. Eyefi Mobi

Eyefi Mobi is actually an ecosystem of products, including special Wi-Fi-enabled SD cards, cloud storage, and a mobile app. The upshot is that it uploads all the photos you take while traveling (whether on your smartphone or a fancy digital camera) and makes them instantly available to share via social media.

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BRIC affluent buy 12% of secondary homes

BRIC affluent buy 12% of secondary homes | Texas Coast Real Estate | Scoop.it

Most ultra-high-net-worth consumers make investments in residential real estate, with 79 percent owning at least two homes, but for those in emerging markets, these property purchases are often for more than pleasure, according to a new report from Wealth-X and Sotheby’s International Realty.

Michael Stuart's insight:

A number of affluents are now using property for the opportunities afforded to them through their purchase. With the economies and political climates of a number of countries in flux, more wealthy consumers are likely to be looking for these “opportunity gateways,” seeking citizenship or financial security outside of their home nation.

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Officials: Schlitterbahn aids in economic growth - Corpus Christi Caller-Times

Officials: Schlitterbahn aids in economic growth - Corpus Christi Caller-Times | Texas Coast Real Estate | Scoop.it
Nueces County Chief Appraiser believes Schlitterbahn Corpus Christi is the jewel of the county and will spur significant growth on North Padre Island and Mustang Island.
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5 luxury vacation homes you could exchange with your own - A Luxury Travel Blog

5 luxury vacation homes you could exchange with your own - A Luxury Travel Blog | Texas Coast Real Estate | Scoop.it
Here’s a luxury travel secret that owners of luxury second homes need to know. Anyone who has a rental property and has looked into the possibility of swapping their home with other like-minded owners will be aware that there’s a plethora of home exchange sites out there. House swapping has seen increasing popularity over the …
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billion dollar oil production vessel sailing to the Gulf of Mexico

billion dollar oil production vessel sailing to the Gulf of Mexico | Texas Coast Real Estate | Scoop.it

A newly minted $1 billion oil production vessel is sailing toward the Gulf of Mexico 's deepest oil fields, as low crude prices threaten to stall Big Oil's next wave of missions to the bounteous but formidable region.

The Royal Dutch Shell vessel, which is traveling 15,000 miles from a Singapore shipyard, is expected to begin producing oil next year in the Gulf's ultradeep-water Lower Tertiary trend, a geological formation that holds vast amounts of oil and gas. It represents the edge of explored U.S. waters for the oil industry.

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Galveston has most expensive housing market for four-bedroom homes in Texas

Galveston has most expensive housing market for four-bedroom homes in Texas | Texas Coast Real Estate | Scoop.it

Looking for a four-bedroom home? A new report breaks down the average price per submarket — and one area is the most expensive in the state.

Michael Stuart's insight:

Here’s how some of Houston's other parts of town fared:

  • The Woodlands ranked No. 7 in Texas with an average list price of $309,006. The north Houston suburb ranked No. 1,039 nationally.
  • Sugar Land ranked No. 11 in Texas with an average list price of $292,511. The southwest Houston suburb ranked No. 1,129 nationally.
  • Willis ranked No. 18 in Texas with an average list price of $277,124. The northwest Houston suburb ranked No. 1,257 nationally.
  • Montgomery ranked No. 24 in Texas with an average list price of $261,589. The north Houston suburb ranked No. 1,378 nationally.
  • Missouri City ranked No. 27 in Texas with an average list price of $252,216. The southwest Houston suburb ranked No. 1,455 nationally.
  • College Station ranked No. 30 in Texas with an average list price of $248,160. The home of Texas A&M University ranked No. 1,494 nationally.
  • Magnolia ranked No. 33 in Texas with an average list price of $244,981. The north Houston suburb ranked No. 1,520 nationally.
  • Katy ranked No. 34 in Texas with an average list price of $244,599. The west Houston suburb ranked No. 1,521 nationally.
  • Cypress ranked No. 36 in Texas with an average list price of $243,003. The northwest Houston suburb ranked No. 1,540 nationally.
  • Pearland ranked No. 39 in Texas with an average list price of $240,211. The south Houston suburb ranked No. 1,569 nationally.
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Port Aransas marina study proposition causing tension

Port Aransas marina study proposition causing tension | Texas Coast Real Estate | Scoop.it

People in Port Aransas are getting pretty heated up about this city's plan for some undeveloped land. It's not a new idea, but a new study proposed by the city is getting some people riled up.  Port Aransas has been sitting on the property for a couple decades now, and they've had a Corps permit to turn it into a marina since 1991

Michael Stuart's insight:

People in Port Aransas are getting pretty heated up about this city's plan for some undeveloped land.

It's not a new idea, but a new study proposed by the city is getting some people riled up.  They call it, "The 67 Acres," located near Charlie's Pasture on the back of the Island.

 Port Aransas has been sitting on the property for a couple decades now, and they've had a Corps permit to turn it into a marina since 1991.

  • "Any impact to a wetland requires a Corps permit," said Port A City Manager David Parsons.
  • However, that permit expires every five years; in order to renew it, the city has to show "progress" on their plan.
  • One way they want to do that is by conducting a study on wave patterns in the Laguna Madre and their potential affects on a marina.


"It's not about building a marina" said Parsons. "There's not a council member on there, pushing forward to build the marina. The argument is how to proceed forward, and keep the permit alive." The city will pick up the discussion at the next council meeting on November 19th.

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