IMPORTANT!!An excellent article was sent to Century 21 United Northside today from the Texas Comptroller and Team Northside will be better informed about our economy and housing outlook upon reading said article.
In short, the Comptrollers Economic Outlook reveals in the first 7 months of 2010 “nonfarm” jobs increased by 181,500 jobs. This represents a whooping 28% of the nation’s total “nonfarm” job growth and 3 times the national average. Multi-family building permits rose from 1,399 to 1,941. This signals further population growth. Many of these apartment dwellers will be looking to buy once they get a job. Remember, job and population growth generates housing demand.
Existing home sales in Texas was down 25.4% in July 2010, which most felt the effect of. Remember, with C21 United Northside's incredibly low interest rates this information confirms we have a “perfect storm” at hand. No better time for sellers to sell and buyers to buy—sell high/buy low!
Customers will definitely appreciate your knowledge and professionalism if you read the article and have a thorough understanding of our economy.
TEAM NORTHSIDE: Please find article in your email!
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