Straight from Economist, http://www.texasrealestate.com/
“The risk of a home price decline in Texas is low,” says Ali Anari, Ph.D., a Center research economist. “Texas’ lower-than-national-average housing cost is one reason for the state’s higher-than-national-average growth rate,” says Anari. “When Texans are able to spend more on non-housing goods and services, the state’s economy is strengthened and more people are attracted.”
“These results illustrate one of the key reasons the Texas economy outperforms the United States in terms of job growth almost every year,” says Dotzour. “The fact that Texans pay less of their income for housing means they have more to spend on other things that add to the overall quality of life. Texas offers a lower cost of living than many places in the United States."
“These results illustrate one of the key reasons the Texas economy outperforms the United States in terms of job growth almost every year,” says Dotzour. “The fact that Texans pay less of their income for housing means they have more to spend on other things that add to the overall quality of life. Texas offers a lower cost of living than many places in the United States."
So, Welcome to Texas!
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