Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Dallas Real Estate- Job Growth in Dallas is Up

Dallas Real Estate- Job Growth in Dallas is Up

It's no wonder why I'm so busy... as people are getting better jobs and employment rates going down, people are buying houses!!  I think the scare of the higher interest rate is behind most people.  They tickled 7% for a couple of weeks, but are now around 6.5% and lower for your typical conventional mortgage.   

August's job growth added 22,600 jobs whereas July added only 12,100.

Unemployment dropped in August to 5.1% from 5.2%.  It doesn't seem like much of a change, but it is.  Across the Dallas-Ft. Worth Metroplex, unemployment is down to 4.9% from 5.3% in July.  We're doing better to get back to last year, as last year's unemployment was only 5%.

All my relocation buyers are always asking me how the job market is doing and I always respond that it must be doing well or why would all these people, including them, be relocating here.  Yes, there have been layoffs, but there has been much growth as the numbers show.

Comment balloon 1 commentDonna Harris • September 15 2006 09:03PM

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I happen to agree with you. Dallas is a wonderful city..
Posted by Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission. (Florida List For Less Realty, Inc. Broker/Owner. ) about 12 years ago

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