“Employment has picked up substantially in recent months, in part from companies like Occidental, Exxon Mobil and Chevron that have committed to bringing large numbers of workers to the Houston area.”
average price of a single-family home increased 7.0 percent
year-over-year to $270,505. The median price—the figure at which
half the homes sold for more and half for less—rose 5.4 percent to
$195,000. Both pricing figures represent record highs for Houston.
For the full press release and the Houston Housing Minute video of HAR Chair
Chaille Ralph discussing the statistics go here.
month, more than a quarter-million Americans turn 65. That’s a
trend with profound economic consequences. Simply put, retirees don’t
contribute as much to the economy as workers do. They don’t produce
anything, at least directly. They don’t spend as much on average.
What effect will this have on the economy? You can find the answer in this interesting and informative article.