Waco's 'stout' real estate marketWaco's 'stout' real estate markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8752015-06-01T07:24:00Z2015-06-01T00:00:00Z

WACO - Home sales and new construction of homes gave the Greater Waco Economic Index a jolt in April, sending it into record territory and eclipsing showings in March and in April of last year, according to a report released by Amarillo-based economist Karr Ingham.

The index rose to 119.2 last month, up a “stout” 5.7 percent from the April 2014 index of 112.7.

Permits the City of Waco issued to build new homes reached 45 in April, more than double the 22 a year earlier.

Meanwhile, the number of existing homes sold in April hit 237, which is 8.2 percent more than in the same month last year. Through April, a total of 808 existing homes had changed hands.

“People are moving to Texas by the thousands, and Waco has become very attractive with its location on Interstate 35, the investments going on downtown, the new Baylor stadium. We’re an attractive-sized town for people hunting for jobs and for those downsizing and retiring,” said Cristi McGowan, owner of Waco Home Team powered by Re-Max Cen-Tex Realtors 

Waco Tribune-Herald
http://www.wacotrib.com/news/business/real-estate-market-boosts-waco-economic-index/article_f924ffd1-1b9e-5092-9345-853376715655.htmlRead more at {Source}

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