Economy
In Texas, it’s all about jobs, jobs, jobs. A new report from the Real Estate Center at Texas A&M University says that the Texas economy gained 276,400 nonagricultural jobs from June 2014 to June 2015, an annual growth rate of 2.4 percent, compared with 2.1 percent for the United States. Many of the major metropolitan areas in…
Two new reports paint a bright picture of the housing market in Midland and Odessa now and for the next three years. The Local Monitor Reports, released today, cite a 7 percent increase in Midland home prices over the last 12 months, which puts the average home price at $183,463. In Odessa, prices have gone up 5 percent…
Two new reports from Local Monitor Report are projecting big increases in home values in Midland and Odessa over the next three years, almost double the national average. Prices are predicted to rise even more. Home values for Midland are forecast to increase by 8 percent over the next 12 months—compare that to national forecast of 4.6…
“Texas is one of the best states to buy a home in the U.S. because it’s one of the best places to work, do business and raise a family. Our state’s lasting job and economic growth continues to bring higher incomes for Texas families and reaffirms new home sales and development as a critical component…
Recent reports show that new home sales are at their highest since 2008, while prices of existing homes are up year-over-year. New home sales are up 17 percent from the same time last year, according to Residential Strategies, and new home starts are up 11.4 percent, too, at 6,511. Builders are trying to keep up…
