Even amidst all the national real estate challenges, here are some exciting news quoted recently about Texas, North Texas areas. Recent observations and predictions by leading economists and business experts indicate the Texas real estate market is growing stronger.
"Texas housing prices are holding up."
"27% of all US jobs created in 2007 were in Texas."
"Energy activity is strong and exports are increasing."
Mine Yucel
Federal Reserve Bank of Dallas
"Texas ranked No 1 in the US in job growth for 2007."
Susan Combs
Texas Comptroller of Public Accounts
"5-year forecast for the Dallas market - 25% to 40% gain."
"Improving economy in the second half of 2008."
Lawrence Yun, PhD
Chief Economist
National Association of REALTORS
"Decline in housing starts is near the bottom."
"Favorable corporate profits picture."
"Oil prices are leveling out."
"Predicts economic recovery by early 2009."
Mark Dotzour
Chief Economist
Real Estate Center Texas A&M
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Posted by:
Brenda Magnes, Brenda Blaser & Pam Yoakum Realty Group
Ebby Halliday REALTORS, Southlake
www.MBYRealtyGroup.com
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