I love passing on good news about the unemployment rate dropping in College Station because that translates into an increase in housing sales in the College Station and Bryan TX areas. Investors and homebuyers are still enjoying a relatively low cost in housing at this time, but with numbers like this, we can only anticipate that the supply and demand will cause prices to go up. We are appreciative of the Real Estate Center at TAMU and Bryan Pope for providing us with a clear vision of where we are headed in the real estate market. College Station is reported as the 2nd fastest growing city in the Nation right now. Hats off to the City Council members of both Bryan and College Station Texas who do their very best to ensure a clean, safe, family friendly, and uncongested place to live. I get to brag to newcomers as I show them homes for sale, about how important education is to all of us here, and what a great job the parks and recreation department has done to help parents stay involved with their children through baseball, little league, soccer, and many other seasonal sporting activities. Families are forever, and living here is a privilege. It’s been a real blessing to raise my family here. To those thinking about moving here all I can say is… ‘Welcome. You’re going to love it here’
Myke Leatham, Broker/Owner
Brazos County Realty
Call me when you need help with your ‘HOMEwork’ 🙂
Texas Unemployment Drops to 5.2 Percent
By Bryan Pope, Associate Editor, Real Estate Center at Texas A&M University
Oct. 27, 2014/Release No. 5-1014
COLLEGE STATION, Tex. (Real Estate Center) – Texas’ seasonally adjusted unemployment rate fell to 5.2 percent last month from 6.3 percent in September 2013. The nation’s rate decreased from 7.2 to 5.9 percent.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the Texas economy gained 410,900 nonagricultural jobs from September 2013 to September 2014, an annual growth rate of 3.7 percent compared with 2 percent for the United States.
The state’s non government sector added 372,500 jobs, an annual growth rate of 3.9 percent compared with 2.3 percent for the nation’s private sector.
All Texas industries had more jobs last month than a year ago. The state’s mining and logging industry (which includes oil and gas) ranked first in job creation followed by the transportation, warehousing and utilities industry, construction, professional and business services, and leisure and hospitality industry.
Every Texas metro had more jobs than a year ago as well. Midland ranked first in job creation, followed by Odessa, Houston-Sugar Land-Baytown, Longview, Victoria, and Austin-Round Rock-San Marcos.
The state’s actual unemployment rate last month was 5 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Lubbock, San Angelo and College Station-Bryan.