Tagged : Texas

According to the most recent Beige Book survey to be released by the Federal Reserve Bank of Dallas, economic conditions in the state of Texas are showing signs of improvement. In fact, the report found that economic conditions through November had "firmed" and that a number of industries are showing signs of improvement.

The Beige Book survey, which is conducted on a periodic basis and evaluates the economic conditions of the Federal 11th district that includes Central Texas, found that the paper, high-tech manufacturing, housing, staffing, energy and petrochemicals industries are all showing signs of improvement. Furthermore, the Dallas Fed's Index of Leading Indicators is also showing that an economic recovery is starting to develop in Texas.

"The only

…

According to Mark Dotzour, who is the director of Texas A&M University's Real Estate Center, it looks as if the state of Texas may have reached the bottom of its housing market a few months back. As such, he is ready to proclaim the inventory of homes through Texas - both unsold new homes and existing homes - are in a promising position.

“I feel now is the time to buy a house in most Texas cities,” said Dotzour through RECON, which is the center’s online newsletter “Housing affordability has never been higher, and I never thought I would see 5 percent mortgages in my lifetime. If you plan to live in the house for at least two or three years, now is the time to buy.”

Dotzour isn't the only one who sees a positive upswing in the economy's future. In fact,

…

We have opened our new brokerage, Cantera Real Estate, Inc.!

My name is Jim Olenbush, and I am the broker and owner of Cantera Real Estate, Inc. This is my 12th year in real estate and I was previously the broker of another firm. Our new company has 6 experienced agents and we are just moving into our new offices. 2007 is shaping up to be a great year - check back soon for company updates!