The Brookings Institution’s quarterly MetroMonitor report has recently released the "Best and Worst" economic metro areas in the United States. This report can be found at: http://www.realtor.org/RMODaily.nsf/pages/News2009061804?OpenDocument.
Out of the "TOP 10" BEST ECONOMIES, five cities are located right here in Texas, ranking #1, #3, #4, #5, and #6! Here is a list of the Top 10 metro areas ranked according to their economic health:
1. San Antonio
2. Oklahoma City
3. Austin
4. Houston
5. Dallas
6. McAllen, Tex.
7. Little Rock, Ark.
8. Baton Rouge, La.
9. Tulsa, Okla.
10. Omaha, Neb.
Once again, Texas still holds strong even under strong economic turmoil. Personally speaking, I have not noticed a tremendous slowing of Real Estate activity in the Dallas/Fort Worth Metroplex. MLS studies have even shown an 11% increase in rental activity from last year.
While sales are still down from last year, the decrease from last year's trends is not nearly as dramatic as other areas of the country.
Out of the "Bottom 10" WORST ECONOMIES, four metro areas are located in Florida and three in California, two states that have experienced dramatic declines in sale activity. The "Rust Belt/Manufacturing Belt" has been hit hard as well. Here is a list of the Bottom 10 metro areas ranked according to their economic health:
1. Providence, R.I.
2. Toledo, Ohio
3. Stockton, Calif.
4. Fresno, Calif.
5. Modesto, Calif.
6. Jacksonville, Fla.
7. Lakeland, Fla.
8. Tampa, Fla.
9. Bradenton, Fla.
10. Detroit
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Thank you,
Chris Hyzy, PM
Beam Real Estate, L.L.C.
Realtor - Director of Property Management Relations
Apartment Liaison
chyzy@beamrealestate.com
http://www.linkedin.com/in/chrishyzy
http://activerain.com/chrishyzy
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