Market Activity

Texas real estate remains a strong long-term investment

According to Bureau of Labor Statistics, in the last quarter of 2010, Texas had an unemployment rate of 8.3%, by the April of 2011 that was reduced to 8.0%.
While labor force rose from 12,209,364 to 12,265,917, the difference of 56,553 laborers, the unemployment dropped from 1,010,719 to 984,803, the difference of 25,916 jobs.
This has two positive impacts on Texas; first Texas is creating more jobs thus more revenue, and second more people are moving to Texas helping the market recovery.

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