TX up 2.8% AND 16.5%

Texas existing home sales grew 2.8% in February from a month earlier, outpacing transactions nationwide according to the Federal Reserve Bank of Dallas.

Sales also increased 16.5% from February 2011, rising in the four largest Texas metropolitan areas of Houston, Dallas, San Antonio and Austin.

The rest of the state’s economy continued to grow in February, with employment up 2.8% at an annual rate according to the Dallas Fed.


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