Thankfully, better
National media reports about real estate have been gloom-and-doom for many months now, painting a bleak picture for prospective homesellers and buyers alike.
Texas REALTOR® Michael Scudder thinks those reports should end in three words … “except in Texas.” Scudder, 2008 president of the New Braunfels/Canyon Lake Board of REALTORS®, says the mortgage and housing crises affecting other parts of the country have left Texas nearly unscathed.
“The market (here) is a lot better than many believe.” With low housing prices, low interest rates, high employment levels, and a strong economy, Texas real estate has weathered the national storm fairly well, confirms Brooke Hunt, 2009 chairman of the Texas Association of REALTORS®.
“The national news media likes to talk about what’s happening in New York, Washington D.C., Florida, and L.A. – and they’re probably pretty accurate about what’s going on there,” Scudder says. “But they don’t ever talk about Texas unless we have a hurricane or something. We’re doing pretty well.”
Source: New Braunfels Herald-Zeitung
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