Texas Economic Update
Forecast 2019
News from Top Economic Forecasters!
According to Lawrence Yun, Job Openings are on the rise in Texas, they are growing 3X fast as Nations job rise. Texas has a 33% job increase over 13% increase in the Nation!
What does this mean for our housing? North Texas Homes are selling at an all time high, and will continue to improve in the next few years.
Lawrence Yun
Dr. Jim Gaines
Steve Brown
More snippets from the ForeCast
According to Dr. Jim Gaines there is NO chance of Interest rates going down. The Federal Reserve raised the rates 2x this year, and will be doing it at least once more before the end of this year. the Mortgage Interest Rate is one of the reasons why buyers are down in numbers the past 3 months, but it is expected to go back up. Affordability is super simple! How much down? How much a month? Still the bottom line!
Home Sales are expected to gain in 2019. State wide the cost is supposed to raise by 6.5%. Houses for sale remain on the market for 3-4 months average. This somewhat longer than last year, but not by much.
How does DFW Airport figure into all of this?
The current runways are sufficient to handle more than double the traffic experienced at the present time. Each International nonstop flight added makes $250 million annually, which is the same that was made during the last Super Bowl made! They are planning to add as many as they can!
John Terrell
DFW is Growing
DFW is a #1 world destination
Lori Onjukka, Realtor
Email: olori@baasrealty.com
Website: https://lorisellstexas.com/
Location: 4621 South Cooper Street, Arlington, TX, USA
Phone: 817-715-8583
Facebook: https://www.facebook.com/BaasRealty/
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