Tuesday, August 20, 2019 / by Scott Shine
35% say real estate is best long-term investment option; 27% say stocks
Perceptions of best investment have shifted in response to performance
Stock ownership still well below the pre-recession levels
Stocks have had a strong 2019, with the major U.S. stock indices establishing or nearing record highs in April and early May. Still, more Americans continue to believe real estate (35%) is a superior long-term investment to stocks (27%) or other investment options.
The April 1-9 Gallup poll was conducted amid the ongoing bull stock market, but before the recent stock index records. In recent years, the real estate market has also been hot, with home values in 2018 the highest on record, and Americans expect home prices to continue to rise.
Gallup has asked a version of the best investment question since 2002, and Americans' choices have varied, largely in response to the performance of the various investment options. In 2002, as housin ...
Monday, July 22, 2019 / by Scott Shine
AUSTIN (Texas Workforce Commission) – After shattering the all-time low in May, Texas' unemployment rate hit 3.4 percent in June 2019.
That's the lowest it has been since the Texas Workforce Commission began tracking the data in 1976. Last month marked the 110th consecutive month of annual nonfarm employment growth as 45,000 seasonally adjusted positions were created. Texas employers have added 315,600 jobs over the year.
The Texas metro with the lowest nonseasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 6.2 percent.
The mining and logging industry saw the most seasonally adjusted growth in employment from June 2018 to June 2019, growing 6.3 percent.
The information industry was the only sector with a drop in employment, falling 0.9 percent.
Monday, May 13, 2019 / by Scott Shine
AUSTIN (Texas Realtors) – Texas home sales continued to rise, and median price moderately increased during first quarter 2019, according to the 2019-Q1 Texas Quarterly Housing Report from Texas Realtors.
Last quarter, 70,827 homes were sold statewide, a 0.7 percent increase over the year. The median price increased 2.7 percent to $230,000. Of all the homes sold in the first quarter in 2019, 32 percent were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.
Homes priced from $100,000 to $199,999 represented the second-highest share of sales with 30.5 percent. Real Estate Center Chief Economist Dr. Jim Gaines said sales increased by around 1 percent across the state during the first quarter with notable gains in sales volume in March in the major markets. "The median price also continued to rise but at a substantially slower rate," he said. "Furthermore, listings finally showed signs of growth with a corresponding rise in month ...
Thursday, March 28, 2019 / by Scott Shine
WASHINGTON (WalletHub) – Texas taxpayers have the seventh-best return on investment (ROI) for their tax dollars, according to a national ranking. To determine which states yield the best and worst ROI for taxpayers, WalletHub compared the quality of government services received by residents to the total state and local taxes they pay in each of the 50 states.
The Lone Star State ranks fifth in lowest total taxes paid per capita. Its overall government services ranking is 38th.
In individual government service categories, Texas ranks 34th in education; 31st in health; 39th in safety; 18th in economy; and 49th in infrastructure and pollution. It has the fifth-worst roads and bridges in the nation.
New Hampshire has the best taxpayer ROI rank. Hawaii ranks last.
Tuesday, February 19, 2019 / by Scott Shine
KILLEEN-TEMPLE (Killeen Daily Herald) – Area home prices grew 4.1 percent year over year in fourth quarter 2018, according to a Real Estate Center report.
The average home price in the Killeen-Temple area was $160,000, up from $154,000 the year before.
There were 506 homes sold in the area in December 2018, while the housing inventory stood at 2.9 months. The Center considers a six- to 6.5-month inventory a balanced market.
Homes spent an average of 75 days on the market.