Texas Realtors releases the latest edition of Texas Small Land Sales Report
The demand for small tracts of land in Texas remained strong in 2021, pushing the median price per acre to another record high, according to the 2022 edition of the Texas Small Land Sales Report released today by Texas Realtors.
The median price per acre grew 16.4% year-over-year to $7,530 an acre. The total number of small land sales across Texas declined 7.8%, with 9,662 tracts sold.
“Although the median price per acre increased in most of the state, small land sales are still a popular option for buyers looking to own or invest in Texas real estate,” said Russell Berry, chairman of Texas Realtors. “These properties are desirable for buyers seeking more space and for developers looking for prime investment opportunities.”
The number of sales of small tracts of land increased in the Panhandle and South Plains, Far West Texas and West Texas regions. Six of the seven regions recorded an increase in median price per acre. The Panhandle and South Plains region was the only area that experienced a decrease.
The report also revealed that the median tract size for small land sales in Texas increased 6.7% to 32 acres. The Austin-Waco-Hill Country region had the largest amount of small land sales at 36% of the total sales, followed by the North Texas region with 24.4%.
Charles Gilliland, Ph.D., economist with the Texas Real Estate Research Center at Texas A&M University, commented, 'The 2021 land sales market saw prices increase remarkably as soaring demand encountered a limited supply of small tracts for sale. The number of sales declined slightly, possibly due to a lack of properties offered for sale, though the search for country getaways continued. Currently, the Federal Reserve has promised rising interest rates. This activity may act to cool the feverish demand for small rural properties.'
Small land sales are defined as tracts with total acreage in the first through 20th percentile of size of all land sales. This generally includes sales of 200 acres or less, except in Far West Texas, where land parcels up to 8,000 acres qualify as a small land sale.
Chairman Berry concluded, “Patience is key for people looking to buy land in many parts of Texas. With high demand and not as many properties for sale, it can be difficult to find what you’re looking for. You will want to make sure to work with a Texas Realtor who has the expertise to help you navigate the farm, ranch and land market.” About the 2022 Edition of the Texas Small Land Sales Report The Texas Small Land Sales Report analyzes small land sales data and trends across seven regions of Texas utilizing survey data aggregated by the Texas Real Estate Research Center at Texas A&M University. Texas REALTORS distributes insights about the Texas real estate market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more. To view the Texas Small Land Sales Report in its entirety, visit texasrealestate.com. About Texas REALTORS
With more than 150,000 members, Texas REALTORS is a professional membership organization that represents all aspects of real estate in Texas. We are the advocates for REALTORS and private property rights in Texas. Visit texasrealestate.com to learn more.
We Americans have forgotten the most important Principle of our Founding: The distinction between the “Rule of Law” and the “Rule of Men.”
What is the “Rule of Law?” The Rule of Law prevails when the civil authorities act in accordance with a body of Law which is established by a higher authority.
Now let us see what the Constitution says about the census.
Article I, Sec. 2, clause 3,
provides that an enumeration of the people shall be taken every 10 years for the purposes of apportionment of (1) direct Taxes and (2) Representatives to the House.
To these ends, we gave the federal government authority to ask us only the number of persons living in our homes (and whether any of us are Indians). Read Article 1, Sec. 2, clause 3 and see.
Instead, they ask us our full name, telephone number, our sex, whether you own your home subject to a mortgage, whether you own it free and clear, whether you pay rent, or whether you live rent free, our age, date of birth, whether anyone in our home is of Hispanic, Latino, or Spanish origin, etc., etc.
Housing programs? Planning decisions? Federal programs which differentiate between males and females? Social Security? Medicare? Other government programs for children, adults, childbearing women, or old people? What’s this? Can anybody point to where these are among the enumerated powers of Congress? No! These are powers which Congress has assumed... unlawfully.
So! Do you see? The federal government demands answers to questions which the Constitution does not permit them to ask, in order to administer programs which the Constitution does not authorize them to administer; and then they threaten you with a $5,000 fine if you don’t submit to their unconstitutional acts! That is the Rule of Men.
Under the Rule of Law – The Constitution – they may ask no more than the number of persons who reside in your home. That is all WE THE PEOPLE authorized them to ask.
Source and links: <https:// publiushuldah. wordpress. com/2010/03/09/the-u-s-censusrule- of-law-or-rule-of-men/>.