However, the landscape shifted quickly. Key Economic Indicators. As a group, Millennials (those born 1981-1997) will take more than half of all mortgages next year.
Although the information has been obtained from sources we believe to be reliable, neither the authors nor Comerica guarantee its accuracy, and such information may be incomplete or condensed. 0000117346 00000 n
NPR's … The Federal Reserve decided to change tack in light of these shifts, and responded by cutting rates 3 times, at the Federal Open Market Committee’s meetings in July, September, and October.
0000010708 00000 n
"editorialAuthor": "george_ratiu", … In September, the Present Situation component of the Conference Board Consumer Confidence Index was unchanged compared with the same month in 2018. 0000011741 00000 n
Home sales rose in the fourth quarter with demand exceeding expectations and low mortgage rates. The state will remain a location of choice for U.S. businesses and will benefit from a reshoring of manufacturing supply chains and other high tech manufacturing operations. Texas Employment Forecast. Texas ranked 15th. Texas was doing a lot of things right heading into 2020. We are not offering or soliciting any transaction based on this information. In the space of just weeks, the Texas economy has reset from a position of strength in early 2020, to now feeling the weight of the coronavirus pandemic, and... Texas Economy Feels the Weight Of the Pandemic. MOVEAnalytics.trackPage("research:blog_article", { – Buyers will continue to move to affordability, benefiting mid-sized markets. 0000011994 00000 n
The rate cut will depend 0000041361 00000 n
Police in Louisville, Kentucky, said two officers have been shot, but it is unclear if the shooting was tied to the protests over the death of Breonna Taylor. Texas economy heads into 2020 with running start: Dallas Fed, https://www.chron.com/business/bizfeed/article/Texas-economy-heads-into-2020-with-running-start-15035816.php, Photo: Elizabeth Conley, Chronicle / Houston Chronicle, analysis by the Federal Reserve Bank of Dallas, Dallas Fed expects Texas economy to hold steady in 2020 despite weakening energy sector, Colorado senator seeks to clean up old oil and gas sites, Robots will soon be fulfilling your H-E-B online grocery orders, LG Chem to split off electric-car batteries in step toward IPO, Comment: The pandemic should be WeWork’s moment, These Houston-area malls are closing for Thanksgiving this year, Disney ‘Mulan’ earns $23.2 million in lackluster China debut, Republicans hope Supreme Court fight boosts Trump's reelection bid, helps GOP hold Senate majority, New 'mini-moon' set to be captured by Earth might just be space junk, Trump supporter charged with hitting girl with flagpole, Houston has the most players in the NFL. Economic activity in the United States started 2019 on an upbeat note, fueled by consumer optimism and business confidence. Download full resolution images: [Millennial Mythbusters] [Full Infographic (15mb)]. Download full resolution images: [Inventory Outlook] [Full Infographic (15mb)]. A dominant trait of this real estate cycle has been the renaissance of the urban downtowns.
If the public health response is stronger and more successful - controlling the spread of the virus in each country within two-to-three months - the outlook could be more positive, with economic recovery by the third quarter of 2020 for the US, the fourth quarter of 2020 for China and the first quarter of 2021 for the Eurozone. Texas' economy should remain robust in 2020 after the Lone Star State added more than 336,000 jobs in 2019, the Federal Reserve Bank of Dallas says in its latest report. While sales experienced a slight rebound in the third quarter of this year, elevated by declining mortgage rates, the annual pace is likely to be flat at best.
While the US economy continued showing signs of growth, major economies around the world slowed.
In an environment of slow economic growth and well-anchored inflation expectations, the Real Estate Center expects interest rates to remain low with possibly another rate cut by the Federal Reserve of around 25 basis points. Andy Beshear condemned "systemic racism" in the United States after a grand jury indicted an officer involved in the raid of Breonna Taylor's home.
Fox News host Tucker Carlson said the majority of media coverage revolving around the death of Breonna Taylor has engaged in false messaging to push a political narrative before the upcoming election. The Texas economy finished 2019 strong with gains in the service sector, increased home sales and improved activity in the manufacturing sector.