Home sweet home: Positive macro-economic conditions in the state will boost industry demand

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
4.3%
Forecast Growth 17-22
Profit
Employment
78,754
Businesses
65,643

Industry Threats & Opportunities

  • Increased business activity drives demand, thereby pushing up industry revenue
  • Incomes and employment have grown strongly, spurring residential construction activity and housing starts
  • As the number of operators increases, the largest brokerages will open branches in different major cities
  • Industry Report - Industry Analysis Chapter

    The Real Estate Sales & Brokerage industry in Texas comprises brokers and agents who sell, buy or rent real estate for others within the state. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants. Industry performance is driven by trends in residential and commercial real estate markets. These markets are affected by the performance of drivers such as interest rates, disposable incomes, and business activity. Additionally, operators in this industry are also affected by home prices as a large percentage of revenue comes in the form of commissions.ResidentialResidential real estate sales and rentals make up just under two-thirds of industry revenue. Tre...purchase to read more.

    Additional Insights for the Real Estate Sales & Brokerage in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Sales & Brokerage in Texas Industry are

  • Effective product promotion
  • Effective cost controls
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as year conventional mortgage rate and Home Price Index in Texas in the Real Estate Sales & Brokerage in Texas industry impact industry performance..

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    What's in this report

    What is the Real Estate Sales & Brokerage in Texas Industry?

    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.

    Industry Products
  • Residential sales
  • Residential rentals
  • Commercial sales
  • Commercial rentals
  • Transaction, advisory and other services
  • Industry Activities
  • Selling residential or commercial real estate for others
  • Buying residential or commercial real estate for others
  • Renting residential or commercial real estate for others
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • year conventional mortgage rate
  • Home Price Index in Texas
  • Per capita disposable income in Texas
  • Access to Credit in Texas
  • Value of private nonresidential construction in Texas

  • Current Performance
  • Residential
  • Commercial
  • Industry organization
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential
  • Commercial
  • Industry structure
  • Table: Real Estate Sales & Brokerage in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Sales & Brokerage in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Real Estate Investment Trusts
  • Apartment Rental
  • Commercial Leasing
  • Storage & Warehouse Leasing

  • Key Selling Industries
  • Billboard & Outdoor Advertising
  • Newspaper Publishing
  • Printing
  • VoIP
  • Wired Telecommunications Carriers
  • Wireless Telecommunications Carriers

  • Products & Services
  • Residential sales
  • Commercial rentals
  • Commercial sales
  • Transaction, advisory and other services
  • Residential rentals
  • Chart: Real Estate Sales & Brokerage in Texas Industry Products and Services Segmentation

  • Major Markets
  • Residential
  • Office and professional Space
  • Retail Space
  • Warehousing and other commercial space
  • Manufacturing Space
  • Chart: Major Market Segmentation for the Real Estate Sales & Brokerage in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wage costs
  • Purchases, depreciation, rent, utilities and marketing
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Sales & Brokerage in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Real Estate Sales & Brokerage in Texas Industry

  • CBRE Group Inc., Coldwell Banker Real Estate LLC, Cushman & Wakefield Inc., Keller Williams Realty,
  • Table: CBRE Group Inc. - financial performance
  • Table: Coldwell Banker Real Estate LLC - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: Keller Williams Realty - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Sales & Brokerage in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Real Estate Sales & Brokerage in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Foreclosure
  • The legal process in which an owner's right to a property is terminated, usually because the owner defaulted on the property's mortgage.
  • Franchise
  • A form of business that operates under a contract agreement and usually pays a business organization a fee to operate under the franchiser's trade name.
  • Real Estate Broker
  • An individual who runs a real estate office and manages agents.
  • Write-Down
  • The process of reducing the book value of an asset because it is overvalued compared with its current market value.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Real Estate Sales & Brokerage in Texas Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Real Estate Sales & Brokerage in Texas industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Real Estate Sales & Brokerage in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Real Estate Sales & Brokerage in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Real Estate Sales & Brokerage in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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