I found this interesting little blurb (below) in a Collin Country Association of Realtors email. It's interesting because Buyers think they should be able to get a steal on homes because of the "real estate crisis" and "falling prices" they hear about on the news. In actuality, Texas didn't see much of a crisis (or many prices falling significantly). It's also interesting because some Sellers think they may not be able to sell due to the same news (still others think that their home value has continued to increase significantly). The truth is: While our home prices haven't really been on the rise in most parts of Texas, they haven't fallen significantly (if at all) in many areas. In most cities you can still buy, or sell, for fair market values that aren't much differnt than they were in 2007 or 2008. Enjoy...
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Texas Economy still outperforming the rest of the country
Six of the top 11 cities listed as top performing cities are Texas cities. San Antonio outperformed the nation’s largest metro areas through the first quarter of 2009. The Brookings Institution report measured changes in employment totals, unemployment rates, housing prices, the values of goods and services produced by cities, and other factors.
Other Texas cities listed as top-performing metro areas include:
- Austin (third),
- Houston (fourth),
- Dallas (fifth),
- McAllen (sixth) and
- El Paso (11th).
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Ryan Cave, The "Caveman"
Truth, Honor & Personal Integrity
214-789-9366
www.CaveRealty.com
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