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Scott Shine | Blog

Monday, July 6, 2020   /   by Scott Shine

U.S. pending home sales see record increase in May

WASHINGTON (National Association of Realtors) – National pending home sales increased 44.3 percent in May—a new record, according to the National Association of Realtors (NAR).

After two previous months of declines, pending home sales are showing a market rebound, with every major region recording a month-over-month increase.

According to NAR, the Pending Home Sales Index increased to 99.6 in May—the highest monthly growth since NAR began the series in January 2001. Since the same time last year, pending home sales have fallen 5.1 percent.

In the South—the region including Texas—pending sales increased 43.3 percent over the month and 1.9 percent over the year.

Real Estate Center Research Data Scientist Gerald Klassen said Texas also saw a surge in pending home sales in May and June.

"It looks like prospective buyers were able to continue virtual shopping during the lockdown and find homes they wanted to purchase," said Klassen. "When t ...

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Thursday, May 28, 2020   /   by Scott Shine

Texas Ranks High for LOW Taxes

Source: World Population Review - States with Lowest Taxes

We’ve all heard the adage, “Nothing is certain except death and taxes.”

We all know that we have to pay taxes if we live in the United States, but did you know that some states have lower tax rates than others? Some states also may eliminate certain taxes, but often, they’re merely paying more in other types of taxes. Adult citizens in the United States pay a variety of different taxes. We pay taxes to the federal government. We also pay local and state taxes. It isn’t just your annual state tax return, either. We pay property taxes, sales taxes, and other taxes that help fund things like schools, roads, and critical infrastructure.

The organization Tax Foundation released a report in 2018 that evaluated local taxes to determine which states were the most tax-friendly. This report showed that the states with the lowest taxes were:

Alaska
South Dakota
Wyoming
Tennessee
Texas ...

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Tuesday, March 17, 2020   /   by Scott Shine

Killeen Ranked Among the Most Recession-Resistant Cities Nationally

NEW YORK (SmartAsset - www.smartasset.com) – Killeen has landed at number 20 on SmartAsset's list of the most recession-resistant cities in America.

"Texas performs particularly well for its state’s rainy-day funds as a percentage of state expenditures—ranking second-highest of all 50 states at almost 19 percent,” SmartAsset analysts said.

To find the most recession-resistant cities in the U.S., SmartAsset examined nine metrics across three overarching categories: employment, housing and social assistance.

The employment category factors in current unemployment rate, change in unemployment rate during the Great Recession from 2007 through 2010 and the current labor force participation rate.

The housing category factors in housing costs as a percentage of income, change in home value during the Great Recession from 2007 through 2010 and mortgage delinquency rate.

The social assistance category factors in the percentage of the population rely ...

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Friday, March 13, 2020   /   by Scott Shine

Baylor Scott & White Building Cancer Treatment Center in Temple

TEMPLE – Baylor Scott & White is developing a 27,000-sf oncology facility adjacent to its Vasicek Cancer Center at 2401 S. 31st St. The facility, which will have radiation treatment equipment and more room for procedures, will accommodate 70 patients per day. Completion is set for summer 2021.

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Wednesday, February 12, 2020   /   by Scott Shine

$26M National Mounted Warfare Museum starts first phase

KILLEEN – The National Warfare Foundation is building the National Mounted Warfare Museum on 17 acres adjacent to Fort Hood's main gate.
The $10.9 million first phase will have a 28,700-sf structure with 13,000 sf of interactive and immersive permanent exhibit galleries and over 7,000 sf of temporary exhibit space. 
Future phases will add a gift shop, amphitheater, gallery space, offices, and conference and classrooms. 
The museum will open in 2022.

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