TEXAS (Dallas Morning News) – Texas metros boast the strongest economies, according to a just-released analysis by the Brookings Institution.
Austin ranked first in a second-quarter comparison of 100 U.S. cities. Dallas–Fort Worth ranked fourth and El Paso sixth.
Houston's economy landed it at ninth, but the Bayou City ranked first among cities with the biggest increases in home prices. Local home prices jumped 4.9 percent over the last year.
Third-ranked DFW had a 3.8 percent increase in home prices, while tenth-ranked San Antonio had a 3.1 percent increase.
Thursday, September 17, 2009
Tuesday, September 8, 2009
TEXAS METROS AMONG BEST TO LIVE, WORK
NEW YORK (Forbes.com) – Dallas, Houston and Austin are among the top four U.S. cities in which to earn a living, according to Forbes Magazine.
The magazine found Dallas to be the most desirable city in the nation to live and work, while Houston was second and Austin came in fourth.
Among the best reasons to take up residence in Houston or Dallas, according to Forbes, is the number of top-ranked companies headquartered in each city: 38 and 15, respectively.
The rankings were determined by median income, cost of living, job growth and the quality of the business environment.
The magazine found Dallas to be the most desirable city in the nation to live and work, while Houston was second and Austin came in fourth.
Among the best reasons to take up residence in Houston or Dallas, according to Forbes, is the number of top-ranked companies headquartered in each city: 38 and 15, respectively.
The rankings were determined by median income, cost of living, job growth and the quality of the business environment.
Friday, September 4, 2009
TAX CREDIT EXPIRES SOON
HOUSTON (Houston Chronicle) – The window for first-time homebuyers to take advantage of the $8,000 federal tax credit will close at the end of November.
To qualify for the credit, any transaction involving a first-time buyer must close before midnight on Nov. 30, 2009.
Tax credit guidelines are discussed in the Houston Chronicle and in past issues of RECON.
To qualify for the credit, any transaction involving a first-time buyer must close before midnight on Nov. 30, 2009.
Tax credit guidelines are discussed in the Houston Chronicle and in past issues of RECON.
Tuesday, September 1, 2009
TEXAS TOPS U.S. IN HOUSING AFFORDABILITY
COLLEGE STATION (Real Estate Center) – Texas beats the rest of the country when it comes to housing affordability, according to first quarter 2009 Texas Housing Affordability Index (HAI) numbers compiled by the Real Estate Center at Texas A&M University.
The numbers reflect the ability of a median-income family to purchase a median-priced existing home in their area. Texas had a ratio of 1.95 in first quarter 2009 compared with the nation's 1.55.
"The slowdown in the housing market nationally and within Texas has led to significantly increased housing affordability everywhere, and Texas continues to maintain its place as the most affordable high-growth state in the country," said Dr. Jim Gaines, research economist with the Center.
The index is posted on the Center's website.
The numbers reflect the ability of a median-income family to purchase a median-priced existing home in their area. Texas had a ratio of 1.95 in first quarter 2009 compared with the nation's 1.55.
"The slowdown in the housing market nationally and within Texas has led to significantly increased housing affordability everywhere, and Texas continues to maintain its place as the most affordable high-growth state in the country," said Dr. Jim Gaines, research economist with the Center.
The index is posted on the Center's website.
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