Cindy Cristiano was published in
"The Southwyck Newsletter ~ 2011 Summer Issue"
"TEXAS ON TOP"
By Cindy Cristiano ~ RE/MAX Top Realty
A recent article I read says that America's Top 2 Real Estate fears are 1) Foreclosure and 2) Declining Property Values and I am glad to report that Texas has weathered the economic downturn better than everyone else. As a country, we have experienced a paradigm shift over the last few years and Texas Real Estate has been no stranger to all the changes. Despite all the negativity the national media reports about the housing market, Texas remains on top and is continuing its remarkable growth.
Consider these facts from the Bureau of Labor Statistics published May, 2011:
There is more good news! Did you know that only 12 nations in the world have an economy valued at more than 1 Trillion Dollars? AND...TEXAS is one of them! In fact, Texas has the 2nd largest economy in the U.S. per a recent article in USA Today, June 2011.
Those figures mean better news for the real estate market in Texas. Although we avoided the real estate bubble that other areas of the country experienced, we did see a decline in prices and volume of sales but recent housing statistics show a much brighter future here in Texas:
To further support that things are looking brighter here in our area, the Houston MLS data reflects that:
So, don't let the national news scare you into thinking that you need to wait until things get better when it comes to making a real estate move, the signs are there that things are better. Just recently, the Texas Department of Housing and Community Affairs has made down payment and closing cost assistance money available in Pearland and surrounding areas for a limited time, up to $20,000 to first time home buyers or those who have not owned a home in the last 3 years. (Click here to find out more information on this program). Interest rates are still historically low, in fact, we just had a customer close with a 3.5% interest rate!
Opportunities like this cannot last, take advantage of it now. If you would like additional information, please don't hesitate to contact me at Cindy@MoveWithCindy.com or 713-733-8200 and become a fan of The Cindy Cristiano Team on Facebook!
UNLP * Summer 2011 / Southwyck Sec. 1 * Page 5