Real Estate: Texas Economic Indicators Point to Solid Growth
According to the Federal Reserve Bank of Dallas, Texas economic indicators continue to point to solid expansion. As all of us at Champions School of Real Estate guide our students through the second quarter of 2019, it's important to look at how strong job growth and record-low unemployment indicate that Texas labor markets remain tight. Key highlights affecting the real estate industry from this report include: Texas employment expanded an annualized 2.6 percent in April, following upwardly revised 2.5 percent growth in March. The state has added jobs at a 2.3 percent annualized rate year to date. April job growth was broad-based across Texas’ major metros, with only Fort Worth posting a decline. Year to date, McAllen has expanded payrolls the most rapidly, followed by Dallas. The Texas unemployment rate…