The Houston Chronicle reported Friday that new job and real estate data seem to indicate the Houston economy is starting to stabilize.

The article says area employers added more jobs than they cut for three consecutive months, according to data released Friday by the Texas Workforce Commission.

There’s encouraging news in real estate too: November home sales shot up close to the level they were before the recession took hold.

The article states, “After bottoming out in the summer, the Houston-area economy is showing signs of stability.

Area employers added more jobs than they cut for three consecutive months, according to data released Friday by the Texas Workforce Commission, leading some economic observers to point toward a better 2010.

‘It won’t come back overnight,’ said University of Houston economics professor Barton Smith. He added that while he has been predicting better times for 2010, his outlook has brightened considerably during the past six weeks.”

To read the full article on the Houston Chronicle’s website, please click here.

Categorised in: Houston Real Estate

This post was written by Sandcastle Homes