Our Texas Legislators passed the TIRZ for Port Isabel Modern Venice (Fingers) TIRZ. Then, Port Isabel approved it and appointed directors to the board to manage the zone. The directors are David Woolverton, Gabby Vanounou, Ed Mesa, Albert Welbel & Santiago Cantu. They will develop the two & half Fingers that is in need of seawalls and dredging. Property owners were given the right to opt out if they didn’t want to be part of this zone. If you would like more information, please let us know.
Recent Economic Factors
Economic Factors |
|||
Economic Indicator |
Release Date Time |
Consensus Estimate |
Analysis |
New Home Sales |
Tuesday, Aug. 23, 2011 |
Up 1.9% |
Important. An indication of economic strength and credit demand. Weakness may lead to lower rates. |
2-year Treasury Note Auction |
Tuesday, Aug. 23, 2011 |
None |
Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates. |
Durable Goods Orders |
Wednesday, Aug. 24, 2011 |
Down 0.8% |
Important. An indication of the demand for “big ticket” items. Weakness may lead to lower rates. |
5-year Treasury Note Auction |
Wednesday, Aug. 24, 2011 |
None |
Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates. |
Weekly Jobless Claims |
Thursday, Aug. 25, 2011 |
415k |
Important. An indication of employment. Higher claims may result in lower rates. |
7-year Treasury Note Auction |
Thursday, Aug. 25, 2011 |
None |
Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates. |
Q2 GDP Second Estimate |
Friday, Aug. 26, 2011 |
Up 1.2% |
Very important. The aggregate measure of US economic production. Weakness may lead to lower rates. |
U of Michigan Consumer Sentiment |
Friday, Aug. 26, 2011 |
54.9 |
Important. An indication of consumers’ willingness to spend. Weakness may lead to lower mortgage rates. |
Hello Everybody
As we come into the real world of technology, we have decided to BLOG! Please bear with us as we begin. Alta is going to collect information and Gayle is going to enter it. That is our plan for the moment. We welcome your comments and hope to improve the service we provide our clients by blogging. So….here we go!