Fredericksburg's Friendly Blog

A great place to find real estate info and all things Fredericksburg.

ECONOMIC OUTLOOK

According to the Real Estate Center at Texas A&M University the index for the US is hinting at modest positve economic growth in the next 12 months.  the current level is slightly less than in the late 1990s when the economy was expanding much more rapidly. 

The Texas Index of Leading Indicators shows a much more robust economic outlook for 2012.  Texas dramatically outperformed the US in 2011 with postive job growth not only in the energy indsutry, but also in construction, manufacturing, retail, transportation, professional business services, health care and hospitality. 

The US economy is likely to struggle to generate jobs again in 2012 because so many important issues that powerfully impact business owners and investors will not get resolved until after the 2012 election.

Fortunately, Texas is poised to outperform the US averages.  Home sales volume in Texas should show modst improvement over 2011 and prices should be stable throughout 2012.

 

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March 8, 2012 - Posted by | Fredericksburg TX

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