Sunday, June 22, 2008

Austin economy losing momentum, new reports show

From statesman.com, June 21, 2008...

Central Texas' economy continues to lose momentum, with home sales and job growth declining to four-year lows and the jobless rate ticking up, new figures show.

Home sales fell 20 percent in May, compared with the same period last year. It was the 11th consecutive monthly decline, while the supply of unsold homes continued to rise.

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