Archive for the 'Market Trends' Category

So How Big Is Texas Really?

March 29th, 2009 categories: Market Trends

Texas is the largest state in the continental United States. (Of course Texans will also say that Texas is bigger than Alaska if you melted all their snow!welcometotexas250) Texas covers 268,000 square miles which is 7.4% of the nation! If you added up New England, New York, Pennsylvania, Ohio AND Illinois... Texas is still Bigger!  The airport at Dallas (DFW airport) is bigger than Manhattan! Of the top 10 most populated cities, Texas has 3!  Houston, Dallas and San Antonio. Wonder which state has the largest population growth rate of any state in the US?  TEXAS of course!  Texas is growing by over 1,000 people a day. Wonder which state has the #1 fastest growing metro area in the nation? TEXAS of course!  The Dallas/Fort Worth metroplex wins. In the Texaplex (triangle connecting Houston, Dallas and San Antonio) we have the majority of the population. In fact over 70% of the state's population lives within 200 miles of Austin (the capital of Texas). That means that 4 out of 5 of the 24 million Texas live in the Texaplex! And, Texas is growing very fast.  Forecasts tell us that the Texaplex will add another 12 million

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Survey says…… 85% Consider Home Prices Affordable - Imagine If They Were in College Station!

March 27th, 2009 categories: Market Trends

c21_b_g_roof_lg_smCentury 21 surveyed First-Time Buyers and found optimism  in the market! With prices falling throughout the country (Except Bryan/College Station) and additional buyer incentives, first-time home buyers are encouraged even with all the doom and gloom news. Century 21 Real Estate LLC surveyed 1,000 potential home buyers and found that they think it is a good time to buy a home.  68% said they think prospects have improved for purchase over the last 6 months and even better... 85% consider home prices affordable! Can you imagine if these buyers were in Bryan or College Station? Our prices haven't seen great drops but WOW what a great home you can purchase for the money! 56% of the people polled were considering purchasing a foreclosed home and 77% said they are "more than likely to purchase a house in the next 6 months" thanks to the $8,000 federal tax credit for first-time purchasers. The Top Reasons these buyers gave for buying real estate are: