Business Week is reporting interesting statistics this week. Their cover story shows the Twenty Top Housing Markets in the US, contrasted with the Twenty Worse Housing Markets in the U.S.
Texas had four of those Top markets and none of the Worse Markets:
7 Austin 1.5 million Median Price $188,000
8 Beaumont 379,640 Median Price $128,000
15 San Antonio 1.9 million Median Price $154,700
18 El Paso 746,310 Median Price $135,800
<==BILL CHERRY REALTORS WORLD HEADQUARTERS*
Interestingly, as so frequently seems to happen, there are so many cities in California and Florida that over-built, that the two states share the award for the most cities with bad markets.
California has nine of them; Florida has eight of them; and Michigan, the only other state with a mention in the list of bad markets, has three of them.
Overall, Texas remains in a rather enviable position.
*Wishful thinking.
Bill Cherry, Dallas Broker
Our 43rd Year Serving Texas
214 503 8563
Copyright 2008 - William S. Cherry
All Rights Reserved
World headquarters of Bill Cherry, Realtors, (at least in my mind) is in Rome. We keep in constant touch through the Internet, cell phones, etc. This is the 21st Century, afterall.
Jason, it was especially interesting to me because they call your market the Austin-Round Rock market. Hardly anyone had even heard of ultra-sleepy Round Rock 10 years ago.
Billycherry
Miss Joanie and Jeffrey
We've been very fortunate. I hope it holds, and I hope your markets take a turn for the better soon.
Billycherry