Job Market
The economy is still growing, but the margin for error is shrinking fast. That’s according to Moody’s Analytics chief economist Mark Zandi, who said his latest modeling puts the chance of a recession over the next year at about 40%, well above the typical baseline. “I expect in the most likely baseline scenario going forward…
More good news about the real estate market in Midland and Odessa: two new reports from Local Market Monitor say the housing market in both markets is strong and should stay that way for the next few years. According to the reports, home values for Midland are forecast to increase by 8 percent over the next 12…
The big takeaway from this morning’s homebuilding panel at the National Association of Real Estate Editors spring conference is that land — more specifically, the lack thereof — is responsible for our lagging new home inventory and the dearth of new home starts in the nation. And while the pool of potential homebuyers is relatively…
