Category: In The News

Higher Interests Rates May be to Blame for Wells Fargo Layoffs

September 30, 2013

In August the largest originator of residential mortgages in the U.S., Wells Fargo & Co., cut over 2,000 jobs and have now announced another 1,800 layoffs. A total of 4,100 people will see their mortgage department positions disappear in Wells Fargos across country. News of this announcement resulted in a 36 cents share drop of […]

Texas Gets Recognized For Clean Energy Efforts

September 13, 2013

Environment Entrepreneurs rank Texas Number 8 in the 2013 Second Quarter Clean Energy/ Clean Transportation Jobs Report. This quarterly report spot lights and ranks the top ten states creating jobs related to the growing trend of clean energy. They reported over 38,600 clean energy jobs were announced to various projects this quarter in at least […]

San Antonio Top Texas City for Business and Careers

August 28, 2013

San Antonio continues to shine. The Alamo city has been ranked as number 11 of the top 25 cities for business and careers in 2013 on Ranked as the top city in Texas for growth it surpassed 4 other Texas Cities on the list (Dallas, Austin, Fort Worth and Houston). According to this article, […]

San Antonio Retail Listing Exhibits Slow and Steady 1st Quarter

August 1, 2013

Slow and steady appears to be the trend for San Antonio- area retail properties based on First Quarter Reports. NAI REOC reported that the 47 million square feet retail market closed with a vacancy rate of 11.0% citywide, consistent with the previous quarter. Although the rate maintained the same for the past 2 quarters the […]

Texas Boom Creates Jobs

July 31, 2013

The monthly review of the Texas Economy, composed by the Real Estate Center, for the month of July shows a positive turn in the job sector. According to the report Texas’ seasonally adjusted unemployment rate fell to 6.5 percent, which is below the national rate, currently at 7.6 percent. Between June 2012 to July 2013 […]

More Jobs Coming to San Antonio Area

July 23, 2013

Texas continues to boom! Amazon has announced that they will start hiring full-time employees for the 1 million square foot fulfillment center they are opening in Schertz. In addition  Wal-Mart is expected to hire approximately 1200 people for the four new stores opening in the Northeast Side (Foster Poad and Binz Engleman), the West Side […]

Fannie Mae and Freddie Mac Profit Distribution in Question

July 19, 2013

If you borrow a book at the library there comes a time you have to give it back and depending on how long you keep it you may incur a fee. Similarly when companies receive government aid or a payout they are expected to pay the money back. Fannie Mae and Freddie Mac investors have […]

Alamo City Bonds Receive AAA Rating

July 18, 2013

The Fitch Ratings agency gave their highest rating, a “AAA”, to San Antonio’s bonds scheduled for sell the week of July 15th. The bonds include: The 188.7 million general improvement and refunding bonds series 2013 The 15.2 million combination tax and revenue certificates of obligation both series 2013 For more details on this rating and […]

The Bureau of Labor Statistics Reports Cost of Living Increase

July 17, 2013

The Bureau of Labor Statistics reported on July 16th that the month of June demonstrated an increase in the Cost of Living. The Consumer Price Index (CPI) increased 0.5 percent. A majority of this increase is linked to gasoline prices which jumped 6.3 percent accounting for about two thirds of the increase. Compare this to […]

State Growth Forces Need for Strategic Planning

July 15, 2013

Texas is growing and its happening at a fast past. According to Daniel Gonzales, director of legislative affairs for the Texas Association of Realtors, 1400-1500 people move to Texas a day! This as a good news for businesses and state income but it will require planning on the part of government officials. Items to plan […]

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