Economy
Texas is a large, diversified state boasting one of the biggest economies in the world. Our reports and articles help you understand why.
Employment and earnings growth are both showing signs of flattening, which isn’t helping local housing sales. Sales are still down from this quarter last year, but home prices remain elevated.
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The Texas economy has remained resilient despite high interest rates. Most of May’s employment growth was in professional and business services as per usual. The unemployment rate has remained unchanged since the beginning of 2024.
Housing activity for both new and existing homes decreased in May. Despite a rise in active listings, home prices remained the same at $340,000 for the second month in a row.
Employment and earnings growth are both showing signs of flattening, which isn’t helping local housing sales. Sales are still down from this quarter last year, but home prices remain elevated.
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