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| LATEST NEWS |
| 10.10.2011 Dallas-Fort Worth home sales rise continues in September [The Dallas Morning News] A turnaround in pre-owned home sales continued in September with North Texas sales up 14 percent. 05.10.2011 Home prices across the country dropped 4.6 percent in the first quarter of 2011. But in the Dallas-Fort Worth area, median prices rose 1.4 percent in the first three months of the year, the National Association of Realtors said Tuesday. View Article07.08.2010 Housing Bulls Should Try Texas Investors keen to bet on home builders should try a hand of Texas Hold 'em.... So it's important to have a view on which markets will recover most smoothly. Among those with the best prospects is Texas, which barely participated in the real-estate bubble. View Article |
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Texas now second-largest economy in the US!
According to a recent report, the economy in Texas is now the country's second largest, moving ahead of New York. The state now sits behind only California, which it could rival in the upcoming years, USA Today reports.
The news source ranked the states by their gross domestic product in order to determine how their output has shifted. USA Today relied on data compiled by the Bureau of Economic Analysis, which showed both population growth and income increases.
During the last half century, Texas' increase in size was one of the largest, as it surpassed $1 trillion in annual economic output. Furthermore, the state improved by nearly a full percentage point for its share of the U.S. economy during the last decade, achieving 8.3 percent in 2010. This percentage has only been matched twice during the last half century - once by California in the 1980s and Texas itself in the 1970s, when the oil boom took place.
"We're growing faster than everyone else, and this trend should last a good while," says economic forecaster Raymond Berryhill of Waco, Texas.
The improved economy in the state could translate into increased real estate sales for Dallas, Forth Worth and Houston properties. With better economies, more jobs could be created and more home sales could take place
Courtesy of 2M Realty News
