We are fortunate to have our very own Real Estate Center right here at Texas A&M University in College Station, TX. This is a re-post of the latest Texas housing, and economic reports now online.
Outlook for the Texas Economy:
The Texas economy grew moderately in November despite lower oil prices and a strong U.S. dollar. The number of jobs in the state increased in November primarily due to the services sector, trade, transportation and utilities, and leisure and hospitality. The unemployment rate continued to edge up. Manufacturing and mining and logging employment in Texas declined, while services continued a positive trend. Housing demand showed small signs of slowing as Houston exhibited some weakening.
Texas Housing Insight:
In November, total Texas housing sales decreased 0.5 percent year-over-year seasonally adjusted and decreased 1.8 percent on a not seasonally adjusted basis. Three of the five major metros — Austin, Dallas and Fort Worth — posted solid home sales increases. Houston had a negative 5.6 percent year-over-year seasonally adjusted change (negative 10.7 percent not seasonally adjusted). Year-to-date, 2015 Texas home sales registered positive growth, but the rate of change lagged behind the nation.
I’ll look forward to helping you with your HOMEwork in College Station.
Thanks for all your kind words and referrals. Keep in touch.
Myke Leatham, Broker
Brazos County Realty