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The gap between the median home price and median household income has grown in all metropolitan areas since 1990. The larger the ratio, the more difficult it is for a typical Texas household to buy a home. In a dozen metro areas, home prices were at least four times the median household income by 2022.
Graphic by Carla Astudillo/Texas Tribune

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The percentage of renter households that pay more than 30% of their income on housing remains high. In 2022, more than half of renters were cost burdened in 22 metro areas. The percentage of cost-burdened renters jumped 10 percentage points in 10 regions between 2021 and 2022.
Graphic by Carla Astudillo/Texas Tribune

As more Texans struggle with housing costs, homeownership becoming less attainable

More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families.

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At Hats Off For Veterans, our mission is to provide financial assistance to Veterans who are seeking to obtain their first higher educational degree, and to assist with professional development for those seeking a certification or license in a skilled trade. They are dedicated to improving the quality of life for those who have served our country.
Photo provided by the San Marcos Area Chamber of Commerce

San Marcos Area Chamber of Commerce Ribbon Cutting

HATS OFF FOR VETERANS

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THE ECONOMIST: Foreign Direct Investment

Investments in the United States by companies from other countries is a significant, though often overlooked, source of economic activity and expansion. Foreign direct investment (FDI) enhances US productivity growth, increases export volumes, and creates high-paying jobs for American workers. Foreign-owned business operations in the United States account for about 7.9 million direct jobs (many more when spillover effects are included) in a wide variety of industries, as well as substantial research and development expenditures. These companies also account for about 23% of US exports.

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San Marcos High School hosted football camp this week as Rattler coaches and players teach young players the basics of the sport. Little Rattlers, in second through sixth grade, were on the gridiron last night while seventh through ninth graders start on Thursday. Registration can be found online at smcisd.net.
Photos by San Marcos CISD

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HITTING THE PADS

HITTING THE PADS

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Pictured is Branay Desai, one of the new owners, Judy Johnson, one of the previous owners of 21 years, and Karan Desai, one of the new owners.
Daily Record photo by Shannon West.

After 21 years, local Pak Mail has new owners

The faces of the Pak Mail, located at 102 Wonder World Drive, will be new as the owners of 21 years have just sold the company effective May 31. Judy Johnson, Richard Johnson and Gail Penn will no longer be there to greet customers and help with their shipping needs, but the new owners, Karan Desai and Branay Desai, are excited to build upon the previous owner’s legacy by providing great customer service.

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San Marcos Record

(512) 392-2458
P.O. Box 1109, San Marcos, TX 78666