Although the national news will have you thinking the country is circling the drain…it’s really not that bad! The Texas Quarterly Housing Report shows continued economic recovery in Texas. Here’s some data from that report that you’ll want to know about!
The report indicates that Texas housing continued to maintain it’s value in the first quarter of 2011 despite a decrease in sales volume. From January through March of 2011 the volume of home sales was 40,192, which is 7.3% less than the same quarter in the prior year. The median price of exiting homes increased 1.3% to $143,300 compared to the first quarter in 2010. This is reliable information that is put out by the Real Estate Research Center at Texas A&M University.