Thursday, September 10, 2009

How has Texas Weathered the Economic Storm? NAI Rio Grande Valley McAllen, TX in the Rio Grande Valley

Article by Texas Realtor August 2009

Go figure

Although the Texas economy is in a recession, it’s weathering it better than the rest of the nation as a whole. Here are some facts and figures to give you a sense of how the state is doing.

2.6% Percentage of jobs lost in Texas between June 2008 and June 2009

4.2% Percentage of jobs lost in the entire U.S. between June 2008 and June 2009

2.7% Increase in Texas unemployment rate between June 2008 and June 2009

3.9% Increase in U.S. unemployment rate between June 2008 and June 2009

$154,700 Median price of single-family home in Texas in June 2008

$155,000 Median price of single-family home in Texas in June 2009

Source: Real Estate Center at Texas A&M University

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