Archive for March, 2012

University of Texas Real Estate Expo

On March 28, 2012, The University of Texas will once again put on their annual Real Estate Expo. This is a wonderful chance for UTSA students and real estate professionals to mingle and to potentially discuss internships or other real estate related topics and news. Currently, more than 20 companies and organizations are participating, including REEL (Real Estate Entrepreneurs and Leaders) and CCIM (Certified Commercial Investment Members).

What to Expect

During the expo, which will be held in the University Center Ballroom, professionals will discuss real estate internships and career opportunities. This gives bright young students a unique opportunity to look into their future and begin planning appropriately. During the 2011 Expo, more than 100 students were present to discuss internship opportunities with nearly 30 real estate companies and organizations. All real estate professionals and companies are invited to attend, and will be given a free table to display banners and other promotional materials.

The Benefits of an Internship

There are numerous internship benefits to both students and real estate professionals and companies. UTSA students get the chance to learn their industry hands on; gaining valuable experience and knowledge that will help them throughout their real estate career. Real estate companies get the benefit of an extra pair of helpful hands or eyes, and making the difference in a student’s life. Internships are often no pay or little pay, because the greatest compensation is the experience the student gains.

How Real Estate Professionals Should Prepare

Attending theUniversityofTexas Real Estate Expois very similar to a job interview for the students. They will be dressed to impress and most will have a copy of their resume handy. Companies should be prepared to provide students with an overview of their company as well as the benefits of doing an internship with the company. This might include things they will learn during an internship, what types of hands-on activities they will participate in, and more. If an internship could potentially lead into a job opportunity, companies and professionals should be sure to mention that to students as well.

Additional Information

The Expo will take place between the hours of 3pm and 6pm, and attendance is completely free. Companies or professionals who are interested in taking part in the Expo should contact Laura Gilliland at (210) 458-7333 or at Laura.Gilliland@utsa.edu. Companies are encouraged to bring signs and banners to attract the students’ attention to their particular booth, as well as other promotional or educational tools as needed.

Overall, it’s a great opportunity for companies to gain hard working, dedicated individuals to intern and develop essential job skills that will serve them for years to come.

While the overall appreciation forecast for all 50 states is -1.79%, the forecast in each state varies greatly. While Texas real estate prices are on track to fall closely in line with those of the rest of the country, it’s important for real estate professionals to take a closer look.

Dallas/Plano/Irving

In the last quarter of 2011, the prices of homes in Dallas were ranked about 145, with an appreciation of 1.22%. This is in comparison to the best market, located in Lewiston,Idaho, with an appreciation of 7.64%.Dallas performed much better than the bottom slot on the list, which is home to Sumter,South Carolina and its appreciation of -5.30%. It’s predicted that the house prices in Dallas will be dropping even further, all the way through to the end of 2014.

Austin/Round Rock/San Marcos

The Austin area in Texas performed similarly to Dallas, and the future forecasts are expected to be similar as well.Austin’s home prices were ranked at 176, with an overall appreciation of 0.89%. To illustrate the long-term appreciation in the Austin area, they were ranked 13 within the last 5 years and carried an appreciation of 9.9%. The long-term forecast for the Austin area is that the prices will be going even further down.

Houston/Sugar Land/Bay Town

In the last quarter of 2011, the home prices in Houston were ranked 133, with an appreciation of 1.33%. Using these numbers, the forecast through 2014 is that the prices are going to fall even lower, just like the areas of Austin and Dallas. This is good news for those who plan on buying a house in the near future, but can be tricky for those who plan to sell their homes.

San Antonio/New Braunfels

During the last quarter of 2011,San Antonio home prices were ranked about 315, with an appreciation of -0.68%. In the last 5 years,San Antonio has been ranked as far up as 40, with an appreciation of 6.5%. However, the future forecast for the next several years is that the home prices in San Antonio will drop even further.

Economic Forecasts Nationwide

The drop in housing prices is due in part to several different factors, and the forecasts are created by looking at each of those factors. The values of homes in the past 12 months as well as the changes in the 30 and 15 year mortgage rate interest are factored in. So are the national crude oil prices and natural gas prices, as well as the value of the dollar and the unemployment rate.

In any case, within the next several years, the house prices in Texas will be falling. Individuals who are considering purchasing a home should attempt to do it within that time to take advantage of the low prices all over the state of Texas.

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