Texas housing is showing evidence of a sustained recovery in 2012. Home sales and construction have bounced back from recessionary levels, and apartment leasing remains robust thanks to solid employment and population gains. Other factors, including historically low interest rates and increased home affordability, are also playing a role, especially in a rebounding single-family market. Unlike the 2009–10 upturn, which resulted from a temporary tax incentive, the latest gains are due to improved fundamentals reflected in lower housing inventories and rising home prices.
Read more...Texas Housing Market Finally Building a Solid Recovery via FRB of Dallas
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