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Shine Team Realtors Blog

Monday, July 22, 2019   /   by Scott Shine

Texas unemployment breaks all-time low record . . . again

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.

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Monday, May 13, 2019   /   by Scott Shine

Texas home sales continue to grow

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 ...

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Thursday, March 28, 2019   /   by Scott Shine

Texas taxpayers get more bang for their buck

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.

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Tuesday, February 19, 2019   /   by Scott Shine

Killeen-Temple home prices up 4.1 percent YOY

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.

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Friday, February 8, 2019   /   by Scott Shine

Now that's refreshing! $90M pours into Temple

TEMPLE (Temple Economic Development Corp.)

Niagara Bottling LLC will invest $90 million in a new bottling facility on 50 acres in the Temple Industrial Park.

The project will be divided into two phases. Phase one will include a $70 million capital investment and create 49 jobs.

The second phase will be a $20 million capital investment and add 21 jobs. Niagara will start construction on the 450,000-sf facility in March and will begin operations in fourth quarter 2019.

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