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.