Texas is #1…of course it is!

TEXAS RANKED NO. 1 IN THREE CATEGORIES BY AREA DEVELOPMENT

In addition to securing three No. 1 spots, Texas finished among the top-10 states in eight categories.

Texas earned No. 1 rankings in Overall Cost of Doing Business, Corporate Tax Environment and Competitive Labor Environment. The Lone Star state’s unmatched economic strength, paired with the second-largest civilian workforce in America, makes it an ideal state to do business.

Among Texas’ most notable top-10 finishes were: No. 2 in Best State for Business Overall, No. 2 in Access to Capital & Project Funding and No. 3 in Most Improved Economic Development Policies.

Source: Area Development

 

 

Is the local housing market slowing?

By Mark Sprague, State Director of Information Capital at Independence Title

Is the local housing market slowing?

          Independence Title

Locally, regionally, and nationally, that seems to be a common question / theme. Locally, I can tell you that most of the Texas metros have been on a sustained, positive run, with Austin’s being the longest at over 9 years (6 years being the longest previously).

First, what is happening in the market presently appears to be more of a seasonal slowing, prior to school starting. Second, two months is NOT a trend.

To see if the market is slowing, what are the signs? You need to look for lack of GDP growth, lack of job growth, easy mortgage financing (requiring little to no down and easy qualifying), new and resale inventory increasing, other real estate channels showing signs of overbuilding or slowing of values, etc. There are no indications of any of this happening. Quite the opposite, in fact.

So, why the pessimism? Read Mark’s Complete Monthly Texas Market Update Here.