The Collin County chapter of the Women’s Council of Realtors will meet this week, May housing reports are in, as well as the state unemployment report. We’ll take a look at all this, plus find out if educated workers are moving to Texas, in this week’s roundup of real estate news.
Collin County Women’s Council of Realtors To Meet Tuesday
The Women’s Council of REALTORS® Collin County will meet for lunch, and will tour the model homes in the Wildridge community, on Tuesday, June 25 from 11 a.m. to 2 p.m. The lunch is free for WCR members, strategic partners, and realtors.
Wildridge is situated on the quiet peninsula of Lake Lewisville, and is known for its mature trees, green spaces, and ponds, as well as amenities and events like kayaking, yoga in the park, and more.
Texas Realtor Publishes May Housing Reports
Texas Is Second in Ranking of States Educated Workers Are Moving To
“Arizona and Texas, two other warm, low cost-of-living states, also took top spots, with Phoenix and Dallas servings as the most popular relocation spots within their states,” the report said. “Texas came in second with a net flow of more than 14,400 educated workers, while Arizona took fourth with nearly 11,840. Interestingly, Arizona has a relatively low total population, so scoring the fourth-highest net flow is particularly impressive.”
Texas had the highest influx of bachelor-degree holding workers, and has a median household income of $57,000 per year, and an unemployment rate well below 4 percent. Housing costs for renters come in, on average at $952 per month.
“It’s also worth noting that Austin was the third most-popular destination for millennials on the move, according to our ranking of millennial boomtowns,” MagnifyMoney said.
DFW Unemployment Lower Than State Rate in May
At 3.5 percent in May, Texas’ unemployment rate is now the lowest it has been since the Texas Workforce Commission started keeping track in 1976.
Dallas-Fort Worth’s May 2019 unemployment rate was 2.7 percent, an improvement over May 2018’s 3.3 percent and last month’s 2.8 percent.
“This month’s record low unemployment rate of 3.5 percent highlights the competitive strength of our Texas economy and is a testament to the hard work of our Texas employers and skilled workforce,” said TWC Chair and Commissioner Representing Employers Ruth R. Hughs. “Our economy is thriving across multiple industries, attracting new companies every day, showing that Texas is the best state in the nation to do business.”
The private sector added 277,000 jobs over the year, with annual employment growth at 2.6 percent in May. It has maintained a level above 2 percent since October 2017.
“Today I am especially proud to be a Texan. Our historically low unemployment rate is excellent news for Texas workers,” said TWC Commissioner Representing Labor Julian Alvarez. “As more Texans find stable employment they are able to invest in their communities and future generations of Texas workers.”
Source: Texas Workforce Commission