Business

Business news

From Texas Standard:

Gas prices are at the lowest they’ve been on average in about seven years, according to AAA. Today crude oil prices are near 2003 lows – under $27 a barrel – and lower gas prices will follow.

Oil is currently hovering at around $29 a barrel, down 70 percent from a year and a half ago. The repercussions of the drop are being felt across the oil industry in the U.S., yet other industries are also being affected.

In Houston, tumbling oil prices are hurting what had previously been a very hot housing market. Single-family home prices are down nearly 8 percent since the summer.

From Texas Standard:

The last time a Walmart opened in Austin was six years ago. It opened, but not without a massive fight that lasted years.

Hope Morrison was one of hundreds who testified against Walmart and Lincoln properties – the developer in the deal. She spoke before the Austin City Council in 2006.

 


Flickr

The median price of a home in the San Antonio area went up 7 percent last year to $192,600. 

In its annual housing market forecast on Thursday, the San Antonio Board of Realtors (SABOR) also said the competition for homes was so strong houses only remained on the market for an average of 59 days.

The number of Mexican immigrants entering the United States has been on the decline in recent years. But one group of immigrants is bucking the trend: entrepreneurs. Andrew Schneider from Here & Now contributor Houston Public Media explains.

Read more via Houston Public Media

Pages