There are many great reasons… to feel very good about Texas real estate
As the housing market continues to make national headlines, I want to clarify that our strong economy in Texas is supporting a stable housing market.
According to the latest report from the National Association of Realtors®, seven of the eight Texas major metropolitan areas monitored had an increase in their median home price from the fourth quarter of 2006 to the fourth quarter of 2007. Those cities are Amarillo, San Antonio, Austin, Corpus Christi, El Paso, Houston and Dallas. Pearland is also following this trend. As seen in the chart below. The price trend for Pearland real estate is still on the increase.
Other Factors contributing to a positive outlook for Texas housing include:
- A relentless growth in population will fuel the need for homes. In the next 15 years, enough people will move to Texas to create a new Dallas, Austin, Houston and San Antonio.
- Texas has one of the best real estate climates in the nation with affordable housing and affordable lifestyles.
- Texas has the best tax structure for business and will continue to outperform other states in attracting relocating companies and job growth.
Most media reports capture real estate at the national level, but our industry is very localized. As a member of the board of directors for the Houston Association of Realtors®, I encourage you to turn to a REALTOR® who is monitoring the trends and conditions in your community when you need real estate information or assistance.
With appreciation,
Danny Frank
Houston Association of Realtors® board member
