Car market heats up in Lubbock Economic Index - KCBD NewsChannel 11 Lubbock

Car market heats up in Lubbock Economic Index

LUBBOCK, TX (KCBD) -

The car market remains hot in Lubbock. According the latest Lubbock Economic Index provided by Lubbock National Bank, sales last month jumped 21 percent when compared to March of 2013.

Home sales, on the other hand, cooled. They fell 27%, but prices went up by more than $17,000.

"A softer quarter is always the 1st quarter for home sales, and you see a big ramp up in the 2nd quarter. Those numbers obviously bear watching to see what happens through the balance of the year," James Arnold with Lubbock National Bank said.

Unemployment also remains low in Lubbock. Right now, we sit at 4%. That's the 4th lowest rate in the state.

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