Real Estate Sales & Brokerage in Texas
The Real Estate Sales and Brokerage Industry performance depends heavily on economic trends within the residential and commercial real estate markets within the State of Texas. These trends are driven by consumer demand and business activity. Over the past five years to 2017, the economy of Texas has grown strongly. Additionally, employment and wages in Texas has grown more quickly than at the national level, spurring business activity. The positive macro-economic conditions in the state increased construction activity in the residential and nonresidential real estate markets. Over the next five years to 2022, the Real Estate Sales and Brokerage industry in Texas is expected to continue to expand. The Texas real estate market will continue to grow, albeit at a slower rate, as increasing interest rates will slow demand for construction activity.
This industry comprises brokers and agents who sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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