The geography of Texas is changing. Projected population in the State of Texas for 2016 is estimated to be approximately 28,240,245. The diversity landscaping is changing yet Anglo and Hispanics dominate the overall diversity groups.
Three major factors will continue to impact Texas' economy in 2016. They are energy, national economy and the value of the dollar. To boost the national economy other industries that can boost the state's overall economy include health care, technology or business services. New construction is thriving in North Dallas.
While driving through Flower Mound yesterday afternoon, I turned down one of the few remaining country roads less taken and captured these beautiful wild flowers growing along the side of the road. Although Blue Bonnets are blooming, I was captivated by these purple wildflowers which I haven't seen before along roadsides. Not far in the distance was an old abandoned barn. Elsewhere, trees, shrubs, and grass was growing turning the landscape into a season of luscious green.
Trends for Texas Real Estate continue to see low inventory. It's still a Seller's Market, and new construction is everywhere. What's different are the number of rental units available as a result of new construction. Property rentals and apartment dwellings are now higher and new apartments seem to be getting smaller in size with new units. It's not unusual to see new luxury homes one, two or three million dollars. The gap between the affluent and lower income continues to widen. Finding affordable housing is a challenge for those whose incomes haven't increased over time. Like other areas, the economy is impacted with the conditions of the U.S. economic performance. Overall, a steep fall in crude oil prices has had a negative impact.
Despite global warnings, the prices in oil, war on terrorism, medical costs and other needs for our Military, and for job losses, President Obama has proposed about an 18% increase for former Presidential Pension Funds. Former living Presidents include Jimmy Carter, George H.W. Bush, Bill Clinton, George W. Bush, and of course after the new President is sworn in, will include Obama. So what else is new?
*Source: Robert Fowler - Obama Looks to Raise Pension Funds for former Presidents 3/18/16
For the rest of the U.S. citizens, let's have a positive outlook that the United States of America will stay ethical, strong, and stay united. With the debates still heavily on my mind, I listened to the car radio Sunday morning. While driving down a Texas road less traveled, observing abandoned barns and purple wild flowers, I listened to a religious channel with different opinions from Baptist, Catholic, and Evangelical religious leaders. One of them (not a Catholic priest) said how horrible things were going with the presidential debates. He said, he was sick of the circus act among the candidates.
Listeners were reminded, voters should remember the foundation of our government was based on separation of Church and State. Regardless of ones preference for religion, it's not one of the qualifications for President or a justifiable reason to cast your vote for someone for President. People should be careful not get confused about voting for someone who speaks more about their personal religious beliefs and opinions than what they will do for our country.
“...legitimate powers of government reach actions only, & not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should 'make no law respecting an establishment of religion, or prohibiting the free exercise thereof,' thus building a wall of separation between Church & State. Adhering to this expression of the supreme will of the nation in behalf of the rights of conscience, I shall see with sincere satisfaction the progress of those sentiments which tend to restore to man all his natural rights, convinced he has no natural right in opposition to his social duties.”
― Thomas Jefferson,
The opinions of this artical are not expressed by the Broker.