4 reasons why TX is doing well
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:
- TX did not have the big boom or bubble.
- TX is an affordable state with housing prices more or less in line with income.
- 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.
- TX has seen little over-building, some but not severe … thus supply & demand have been fairly balanced.
Listen for yourself: video
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