In key Sun Belt markets: 87% of Texas homebuilders and 79% of Florida builders said their peers had recently cut workers, per John Burns Real Estate Consulting
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Texas ranks as the most financially distressed state in the U.S. in 2025
This is due to a high number of people with credit accounts in forbearance, an increase in bankruptcy filings, and low average credit scores*
*Data from recent Wallethub study
Job "switchers" typically see their wages grow at a faster rate than workers who stay in their current roles.
However, that trend has reversed for the past six months, since February, per CNBC, the first time since the Great Recession.
Nearly 2/3 of Gen Z have reported “refuel anxiety”
Hard times create Strong Men.
Strong Men create Good Times.
Good Times create Weak Men.
➡️ Weak men create hard times. ⬅️
FORTUNE has said that there is "Noticeable drops in traffic at restaurants, shops, and malls; fewer people traveling or eating out; increased coupon clipping and price sensitivity."
In June, DFW clocked 4.83 months of housing inventory, according to multiple listing service data cobbled together by the Texas Real Estate Research Center at Texas A&M. That was up nearly 38% from January, when inventory was at 3.51 months.
The last time inventory was this high…
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