Business is strong in Texas and our economy is fairing better than many parts of the world. Our foreclosure rate is current 1.50% statewide, which is looking pretty good compared to Florida’s 8.95% and Nevada’s 6.58%. The states that saw the biggest booms, with home appreciation rates that doubled, tripled, and even quadrupled in some areas, are now seeing the biggest busts. Wyoming is holding the strongest at 0.72%. Check out these interactive maps at CNNMoney for more data.
Will things hold in Texas? Experts agree that yes, Texas will continue to show strength compared to the national market where some states are seeing major industries crash and are experiencing the bad side of “what comes up must go down” when it comes to real estate values. Texas is still a great place to be, and where else in Texas would you want to live other than Austin?
