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Texas is the Only Leading State NOT in a Recession
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Texas is THE Only Leading State NOT in a Recession

Moody's Economy.com classifies the current economic status of U.S. states and metro areas using four categories: "In Recession", "At Risk", "Recovery", or "Expansion". Texas is in Expansion - Yea!

The six month test compares the six-month moving average in the current period to the six-month moving average in the period six months ago.

For a geography to be considered "In Recession", the six month test must show it to be in contraction. Furthermore, the coincident indicator cannot have yet reached a trough. If a trough has been reached, the economy has shifted from "In Recession" to "Recovery".

If the six month test shows the geography to be in expansion, then its status is either "Expansion" or "At Risk". The economy is only in "Expansion" when the coincident indicator has yet to reach a peak. If it appears that a local peak may have been reached and the coincident indicator is increasing but at a decreasing rate, then the economy is placed "At Risk".

Texas Expansion
  • Abilene, TX Metropolitan Statistical Area Expansion
  • Austin-Round Rock, TX Metropolitan Statistical Area Expansion
  • Brownsville-Harlingen, TX Metropolitan Statistical Area Expansion
  • College Station-Bryan, TX Metropolitan Statistical Area Expansion
  • Corpus Christi, TX Metropolitan Statistical Area Expansion
  • Dallas-Plano-Irving, TX Metropolitan Division Expansion
  • El Paso, TX Metropolitan Statistical Area Expansion
  • Fort Worth-Arlington, TX Metropolitan Division Expansion
  • Houston-Sugar Land-Baytown, TX Metropolitan Statistical Area Expansion
  • Laredo, TX Metropolitan Statistical Area Expansion
  • Lubbock, TX Metropolitan Statistical Area Expansion
  • McAllen-Edinburg-Mission, TX Metropolitan Statistical Area Expansion
  • Midland, TX Metropolitan Statistical Area Expansion
  • Odessa, TX Metropolitan Statistical Area Expansion
  • San Antonio, TX Metropolitan Statistical Area Expansion
  • Sherman-Denison, TX Metropolitan Statistical Area Expansion
  • Texarkana, TX-Texarkana, AR Metropolitan Statistical Area Expansion
  • Tyler, TX Metropolitan Statistical Area Expansion
  • Victoria, TX Metropolitan Statistical Area Expansion
the bold areas directly affect the Texas coastal markets
This is a good indicator that with our steady growth and affordable property values, that our real estate markets are also in great shape  for the future.

The Texas coast has taken a drop in sales from a rare sequence of hurricane issues, but the end result of these will be better built coastal properties and stronger building codes which prevent much of the loss issues in the future - and with an improved appearance from all the new and remodeled housing products.

For the short term, we have some mess to clean up, but for the long run, it will be that much better - than the already new and modern development in progress was making it.

Don't give up on the Texas coast, come now and get the most on the coast!
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Comments
By Jim Wiandt @ Friday, October 24, 2008
Why The Economy Is Rebounding

The market feels like it may be finding its legs now. Here are the early signs.

The last month to me feels like the way you feel when you are just knocked out by a flu.

You realize how fragile everything is and how mortal we are. And then when you come through to the other side, you get a renewed perspective.

Then things seem a little brighter.
Signs we are at the point:

1. Credit spreads are coming in. Billions of dollars of government intervention appears to be doing the trick.

2. The dollar is seriously on the rebound.

3. Commodities continue to stall. Lower energy and commodity prices ultimately will lead to a recovery. Gold's stalling despite the economic downturn is odd, and feels like it indicates that the world does not believe we're heading for depression, but is in value-seeking mode for equities and other hard-hit asset classes.

4. Real estate is finding the bottom. The hard falling prices were necessary and healthy to get the economy back in line with its actual productivity.

5. There is a ton of money looking for a place to go.

The market is gradually moving from panic to resignation that we're entering a time more based in the reality of our actual economic productivity.

This is healthy for our economic stability and for the prospects of grounded future growth.

By Houston Business Journal @ Friday, October 24, 2008
Houston one of the nation’s Top 10 real estate markets for the first time in more than 10 years, according to a report by the Urban Land Institute and PricewaterhouseCoopers LLP.

“The population keeps expanding due to the high-octane job engine and reasonable cost of living,” the report says.

“Home prices never escalated dramatically, so values hold better in the mortgage crunch.

ByReal Estate Center @ Friday, October 24, 2008
Catch a sneak peek of the latest edition of the Real Estate Center Magazine - Tierra Grande

Learn about wind power,

how Texas and national foreclosure levels compare and

why an increasing number of retirees are coming to Texas.

The video is available on the Real Estate Center's website. http://recenter.tamu.edu/video/videoPlayer.asp?vid=55

By the Urban Land Institute @ Friday, October 24, 2008
Two Texas cities were listed among the nation’s top ten “hot-growth” real estate markets in a new report from the Urban Land Institute.

Houston ranked sixth and Dallas ninth in the Emerging Trends in Real Estate 2009 report.

By Forbes, Maurna Desmond @ Friday, October 24, 2008
Forbes magazine ranked the best large metropolitan area to retire on a budget.

Dallas and Houston are in the top 10!

The magazine's top 10 choices were:

1. Columbus, Ohio
2. Dallas
3. Minneapolis
4. Houston
5. Salt Lake City
6. Indianapolis
7. Denver
8. St. Louis, Mo.
9. Atlanta
10. Nashville

By Housing Predictor @ Tuesday, November 18, 2008
Texas always makes the top 10 lists for housing

Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity.

These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says.

Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.

Top cities and the percentage sales prices have increased so far in 2008.

* Biloxi, Miss., 4.9 percent
* Salem, Ore., 4.7 percent
* Bismarck, N.D., 4.6 percent
* Spokane, Wash., 4.4 percent
* Yakima, Wash., 4.1 percent

* Austin, Texas, 4.0 percent

* Grand Junction, Colo., 4.0 percent
* Fargo, N.D., 4.0 percent
* Mobile, Ala., 3.9 percent
* Albuquerque, N.M., 3.5 percent

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