Texas Real Estate Economist Proclaims to U.S, "We're better than you!"

I find myself defending Texas real estate on a weekly basis from people who feel threatened by the sagging national real estate market. I have to remind them that Texas job growth, population increases, relocations, etc. are driving a strong economy here. If I were to invest anywhere in the U.S, it would be Texas.

Now, I have more ammo for these discussions. The Chief Economist at the Texas A&M Research Center said Texas is bucking trends due to our affordability and net population growth. Austin only had about 3.2 months of inventory on the market, so we're even ahead of larger Texas cities like Houston, Dallas and San Antonio.

While other states like California, Arizona and Florida are feeling the temporary pain of a market correction, our Texas real estate market is one of the strongest in the nation.

Link: Economist: National real estate attention focused on Texas

San Antonio Real Estate Hot.

Read about the Texas Buyer Market Apocalypse...

Comments

[Austin Realtor's Wife]

Get out of my head- http://realtorwives.blogspot.com/2007/04/this-is-why-im-hot.html is today's post... :) Great minds, eh?

[Dave Dugdale]

I am confused, is having 3.2 months of inventory a good thing? I am not sure what that indicates.

Sorry I am new to the real estate market.