For those who missed the 60 Minutes show on the Subprime Meltdown, here it is. It basically focuses on one town in California; Stockton, which is now the highest foreclosure per capita anywhere on the planet.
Here in Texas, Houston metro to be specific, we have experienced nothing near what you see in this video. Our market has been steady, bolstered by booming business; namely the oil industry. Job and housing outlooks are both strong, and we only have 6 months of inventory on hand. Houston has never been a "boomer", but like a conservative mutual fund, has always experienced steady and reliable growth.
Courtesy of CBS.com
www.KeystoneCRE.com
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