Dr. Mikhail Kouliavtsev, professor and chair of Stephen F. Austin State University’s Department of Economics and Finance and director of SFA’s Center for Business and Economic Research, authored a Deep East Texas economic outlook for the winter 2026 issue of Tierra Grande, the journal of the Texas Real Estate Research Center.
Despite economic uncertainty in the U.S., East Texans can look forward to growth in 2026, according to a recent Texas Real Estate Research Center article written by Dr. Mikhail Kouliavtsev, professor and chair of Stephen F. Austin State University’s Department of Economics and Finance and director of SFA’s Center for Business and Economic Research in the Nelson Rusche College of Business.
The Texas Real Estate Research Center, part of Texas A&M University, is the nation’s largest publicly funded organization devoted to real estate research. To kick off the new year, the center asked Kouliavtsev to author an economic forecast for the Deep East Texas region in its journal, the Tierra Grande.
In the winter 2026 publication, Kouliavtsev discusses:
• New retail and education developments fueling the local economy, including increased enrollment at SFA
• The region’s marginal exposure to the negative economic forces impacting employment in other areas of the U.S.
• Local residential and commercial real estate trends
To read the full article, visit gosfa.com/TierraGrande. To learn more about SFA’s Department of Economics and Finance, visit sfasu.edu/ecofin.
ABOUT STEPHEN F. AUSTIN STATE UNIVERSITY
Stephen F. Austin State University, the newest member of The University of Texas System, began a century ago as a teachers’ college in Texas’ oldest town, Nacogdoches. Today, it has grown into a regional institution comprising six colleges — business, education, fine arts, forestry and agriculture, liberal and applied arts, and sciences and mathematics. Accredited by the Southern Association of Colleges and Schools, SFA enrolls approximately 11,000 students while providing the academic breadth of a state university with the personalized attention of a private school. The main campus encompasses 421 acres that include 40 academic facilities, 11 residence halls, and 68 acres of recreational trails that wind through its six gardens. The university offers more than 80 bachelor’s degrees, more than 40 master’s degrees and four doctoral degrees covering over 120 areas of study. Learn more at sfasu.edu.
By University Marketing Communications
