economy

Eileen Pace / TPR News

San Antonio’s housing industry is continuing to be a seller’s market due to a slight shortage in available homes.

San Antonio’s housing inventory remained low in February, with about 4.2 months worth of available homes remaining. Anytime that falls below 6 months it constitutes a seller’s market.

Missy Stagers, chairperson of SABOR, says the shift in the market is a reverse from previous years

“Back after the boom of 2006, 2007 and the [following] foreclosure market, we had a larger supply of houses than we actually had for demand,” Stagers said.

heatheronhertravels.com

The city has been unhappy with the amount of foot-traffic the historic area gets and multiple studies have been done to try and address shortcomings. City council will be discussing the request for proposals that the Department for Culture & Creative Development has devised to encourage more visitors. 

Ryan Poppe / TPR News

Despite some setbacks last legislative session, state Rep. Jason Villalba, R-Dallas, is hoping to persuade the owner of Tesla Motors to come to Texas for another business endeavor. While it might not be as sexy as being able to sell the luxury electric car, people need batteries to make them run.

Last legislative session, Tesla Motors owner Elon Musk was regularly seen around the state capitol trying to convince state lawmakers and the Texas Automotive Dealers Association to allow him to sell his $90,000 electric cars in Texas.

Flickr user 12fh / cc

A study paid for by the San Antonio Chamber of Commerce details the impacts of water shortages on the city's future growth. Jobs, spending, migration are all affected drastically if the city continues to grow without making proper accommodations, argues the study.

Wikimedia Commons user CASASCIUS / cc

Bitcoin, the digital currency, is still a little mysterious to most people. The peer-to-peer payment network can be earned by "mining," or maintaining critical infrastructure for the network, as well as through goods, services and traditional currencies. A federal judge in Texas recently ruled bitcoins are money.

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