Jerald Turboff is a Texas real estate executive and consultant. Jerald Turboff established Prime Capital Corporation, a company that brokers both residential and commercial real estate transactions in Texas.
Considered by many the hottest real estate market in the country, Texas has seen record growth in home prices and sales in recent years. The prices for homes in some areas have grown by up to 10 percent while the total number of homes sold in some areas has increased as much as 50 percent. Although exceptional in many ways, the growth is explainable.
In recent years, oil prices have steadily increased, resulting in high gas prices around the nation. As the chief domestic suppliers of oil, Texas oil companies and associated businesses have experienced increased production and revenues. According to the Railroad Commission of Texas, from 2009 to 2014, the amount of oil produced in Texas virtually tripled. At the same time that prices for crude oil swelled, the Texas economy experienced a surge, which enabled the growth of the real estate industry.
Considered by many the hottest real estate market in the country, Texas has seen record growth in home prices and sales in recent years. The prices for homes in some areas have grown by up to 10 percent while the total number of homes sold in some areas has increased as much as 50 percent. Although exceptional in many ways, the growth is explainable.
In recent years, oil prices have steadily increased, resulting in high gas prices around the nation. As the chief domestic suppliers of oil, Texas oil companies and associated businesses have experienced increased production and revenues. According to the Railroad Commission of Texas, from 2009 to 2014, the amount of oil produced in Texas virtually tripled. At the same time that prices for crude oil swelled, the Texas economy experienced a surge, which enabled the growth of the real estate industry.
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