While consumers across the nation hesitate in fear that the economy could worsen, causing home prices to drop once again, Texas homebuyers need not fear.
Jobs are the key to a healthy housing market, and Texas offers jobs.
According to Area Development Online, (http://www.areadevelopment.com/Gold-Shovel-Econdev-Awards/Q2-2013/Texas-Georgia-Alabama-Kansas-Gold-Shovel-2162511.shtml) Texas replaced all of its recession-hit jobs by December 2011. The state’s unemployment rate has been below the national average for more than 75 consecutive months, and by March 2013 had dropped to 6.4%.
At the same time, the gross domestic product in Texas was well ahead of the national growth rate, at 3.25% in 2012.
At a recent business event, Governor Rick Perry proclaimed that “Texas’ economy has become the envy of the nation.” That could have a lot to do with the 8,000 new jobs that have been created, thanks in large part to expansion in the energy sector, chemicals, and Internet Technology.
Texas is one of only 4 states to be awarded Area Development magazine’s “Gold Shovel” award. According to the magazine’s website, these annual awards are “a celebration of the kind of economic development success that should never be taken for granted.”
The other states honored with the “Gold Shovel” were Georgia, Alabama, and Kansas.
The Texas real estate market is hot, and the best way to have your offer accepted over others is to present a letter of pre-approval along with your offer.
We at Homewood Mortgage finance homes anywhere in Texas, and we promise low rates, low fees, and prompt service. So if you’re thinking of becoming a Texas homeowner, call us at 1-800-223-7409 or apply on line at http://www.mikeclover.com/ We’ll be glad to get you pre-approved and ready to submit that winning offer.
There’s no application fee, and no obligation.
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Texas Mortgage Banker