4 reasons why TX is doing well

August 7, 2008 at 8:20 pm 1 comment

In a video on MSN Money, James Gaines, a research economist at the Real Estate Center at Texas A&M University talks about the 4 reasons why TX is doing well in the housing blahs and mortgage meltdown.  Here’s the quick list:

  1. TX did not have the big boom or bubble.
  2. TX is an affordable state with housing prices more or less in line with income.
  3. The TX economy is good.  In 2007 we were the lead state in job creation adding 250,000 new jobs which increased the population which keeps up demand.
  4. TX has seen little over-building, some but not severe … thus supply & demand have been fairly balanced.

Listen for yourself:  video

© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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Entry filed under: Austin, Smart Real Estate. Tags: , .

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1 Comment Add your own

  • 1. East Bay Real Estate  |  August 12, 2008 at 11:21 pm

    If things keep going the way they are here in CA… I going to move to TX

    Reply

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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