Monday, October 25, 2010

Plano Area Economy is Improving

Don't look now but the local North Dallas economy is looking better.  No one wants to talk about it but the signs are there.  The local unemployment rate is now in the 7.9% area.  The state as a whole added 154,000 non government jobs for a 1.8% increase.

What this means is that we are continuing to recover although we must be aware that the improvement will be slow.  Consumers represent about 70% of the GDP so we need to see further improvement in the employment numbers to get things really rolling along.  What this means for Plano Real Estate is that prices will likely remain firm at current levels and that we will see  improvement in demand for homes.

1 comment:

  1. Nice looking house. When I will old man I'd like to live in such huge house like this one


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