Nearly seven years after the Great Recession, Americans are more than ready to jump back into the housing market. While the recession resulted in thousands of Americans losing their jobs due to lay offs, in addition to foreclosures and the most severe housing market crash since the Great Depression, the time’s are a-changin’.
Though some potential home owners and house hunters may have reservations about buying in this housing market, real estate values and real estate market trends tell a different story. In fact, in some areas of the United States, the housing market isn’t just getting by, it’s thriving, making buying in this housing market a wise choice.
They say everything’s bigger in Texas, and according to George Strait, everyone’s exes live there too. However, in the world of real estate agents, the Texas housing market is hot and showing no signs of slowing down. Home buyers are flocking to the Lone Star’s state cities, including Austin, Houston, San Antonio and Dallas in search of high paying jobs, affordable housing, and rich culture.
According to researchers from the Real Estate Center at Texas AandM University, last year was the second best year in the state of Texas for housing sales, second only to 2006, which was the height of the housing boom and too-good-to-be-true financing. Now, the market has stabilized; both investors and home owners have learned from the recession, and are wiser and better because of it. Get more info here.