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What Rate Hikes By The Federal Reserve Mean For Lubbock Borrowers

Due to expectations of a series of rate increases from the Federal Reserve this year, the cost of borrowing money is increasing. It’s a response to the growing expense of living. Inflation in the nation has reached previously unheard-of heights in the past year alone. The Consumer Price Index climbed by 6% in the second …

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What Impact Do Rising Oil Prices Have On Texas Consumers And Producers?

Lubbock’s average regular gas price on Tuesday was $3.80, 37 cents less than the national average but 80 cents more than a month ago. The increase follows the disruption of global markets caused by Russia’s invasion of Ukraine, as well as a reduction in supply due to the United States’ prohibition on Russian oil imports. …

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The Application Procedure For Small Business Grants In Lubbock County Has Been Extended And Streamlined

According to documents presented at a Lubbock County Commissioners Court hearing Monday, Lubbock County is making significant modifications to its small company microgrant program and reopening the application window. Commissioners heard from Jonathan Phillips of Local CFO, a Lubbock accounting firm that the court selected as the small business award program’s third-party administrator in February. …

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Stats And Forecasts For The Lubbock, Texas Real Estate Market In 2022

“I’ve never seen a market like this,” says the President of the Lubbock Association of Realtors. When compared to five years ago, home values have increased by more than 34%, and residences may receive 10-15 offers within the first 48 hours of being listed. Many first-time buyers are being priced out of the market due …

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Lubbock Airport Gets A $42 Million Makeover

This week, Lubbock Preston Smith International Airport unveiled the results of its first major refurbishment since its opening in 1976, which included new flooring, technology, and more. On Wednesday, city council members and community leaders met at the airport for a ribbon-cutting ceremony. Kelly Campbell, Lubbock’s Executive Director of Aviation, said the overall renovation cost …

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Farmers Are Spending Four Times More To Produce Their Crops As A Result Of The Rise In Fuel Costs

Gas and oil prices have hit all-time highs throughout the nation, and farmers in the area have already begun to feel the consequences on their production budgets. Cotton farmer Scott Harmon in Idalou, Texas, says that the rise in gas costs has made it hard for him to forecast how much money he will need …

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