After graduating from Texas Tech University with a degree in Economics, Mr. Colvin joined Metrostudy as a market analyst at Metrostudy’s Corporate office in Houston, TX. In Houston, Jay worked directly under Metrostudy Co-Founder and President Mike Inselmann. Jay supported the Texas Consulting division of Metrostudy where he assisted in the research and construction of Market Studies as well as client relations, sales, and new client integration for Metrostudy-Houston’s Advisory Services division. While in Houston, Mr. Colvin was an active member of the Greater Houston Partnership’s Economics Analysis Panel, the Commercial Real Estate Economic Forum, and served as a panel member discussing local trends in Residential Real Estate for Leadership Houston. Mr. Colvin presented economic and housing market information to Sales Management of local home builders, and Realtor Groups throughout Houston.
Mr. Colvin became the youngest director in Metrostudy Company history in the summer of 2010 when he moved to Raleigh, North Carolina. Along with his operational, and client relationship responsibilities in the Raleigh-Durham area, Mr. Colvin is currently pursuing the MIRM and other professional designations.
Jay Colvin is a fourth generation Real Estate professional, raised in the Texas Hill Country and in the Houston area. He has family backgrounds in both Residential and Commercial Real Estate development, and property management, and has enjoyed a deep understanding of many aspects of Real Estate development and investment from an early age.
In Charlotte, new homes have been selling at a 30% premium to existing housing stock in the first half of 2016, but prices are expected to return to more normalized rates of gain as newly renovated existing home prices pick up speed.
Jay Colvin, Metrostudy's regional director for the Raleigh-Durham housing market, discusses the impact of high demand when supply is short, a challenge Colvin says is the biggest in housing nationwide.