Friday December 6 In the News...

1. Unemployment Down, Manufacturing surge, Construction Spending Up, Home Prices Up,
2. Economic reports brightening…The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years.  The economy grew at a robust      annual rate of 3.6% from July through September.
3. Condo sales on the rise inSan Antonio and the State.  Sales are up 18% YTD, Median up 6% to $98,900, average price up 11% to $159,776, DOM down  23% to 113 days.  YTD there has been      a 26% increase in condo sales statewide.  Average sales price:Austin $245,417, Houston $186,757,Dallas $199,957 andSan Antonio $159,776.
4. New  Home Sales ramped up in October.  Sales of new homes grew 25.4% so far YTD.