HOUSING METRICS IN NORTH TEXAS – NO SURPRISES HERE
Just when you think housing prices in North Texas can’t get any higher or break any more records, another article comes out in the Dallas Morning News indicating just the opposite. Specifically, the article in question pointed out that, for April 2017, home prices continued to climb ($246,100, a 12% increase year over year), setting another record1.
Texas Jobs Numbers
This year marks the 10th anniversary of the start of the last recession. A decade ago, our economy was headed toward an economic meltdown that would eventually be dubbed the “Great Recession” because of its severity. According to the Bureau of Labor Statistics, the economy lost approximately 8.8 million jobs, while the gross domestic product (GDP) contracted by a whopping 5.1%1.