As longtime CEO of Western Rim Property Services, Marcus Hiles knows a thing or two about Texas’ economy and real estate market. And according to him, things are looking good for Texans. The Consumer Confidence Index for Texas, which measures consumer’s outlook from spending and savings habits, sat at 117.6 in May. Compared to a national average of 92.6, it is obvious that Texas has seen a 5.9 percent jump in year-over-year existing home price and a 6 percent increase in single-family building permits. Hiles says this boom is the result of $5 billion in tax cuts over the past three years, allowing employers to add 1.3 million new workers over the state’s pre-recession peak.
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