If you visit this site regularly, then you’ve already heard me preach that the economy in Texas (and in its largest 4 cities) continues to buck national trends.  I have so many frazzled buyers asking me “Why are all the crazy sellers in Austin trying to sell their home without slashing the price in half?”  My answer often falls on deaf ears… Because unlike the hard-hit areas like Florida and Nevada, Texas has always had steady growth and appreciation, never doubling or trippling overnight.  We have no out of control boom to recover from, there is no crash because our economy is healthier than other states’ and even the nation.

Bigger is Better
We buck the national trends because we are self-sufficient.  Here in Texas, we have more resources, natural and economic, than most countries!  This is why our real estate market, like other markets, is holding strong despite the national recession and the crumbling prices the news shoves into our heads each day.

• If Texas was a country, it would be the 10th largest country in the world
• If Texas was a country, it would have the 12th strongest economy based on GDP
• If Texas was a country, it would be the 5th largest oil & gas producer
• 82.5% of the Texas population is in Metros… DFW, Houston, San Antonio, & Austin
• Texas has more Fortune 500 companies than any other state
• Austin was #1, San Antonio was #2, in Forbe’s recent national “Best Bank for Your Buck Cities” report while Houston made #4 and Dallas made #7!
• Builder Online Ranked Houston #1, Austin #2, Fort Worth #3, San Antonio #4, and Dallas #5 for “Healthiest Housing Markets in the Nation”!
• Many of the best universities in the nation are right here in Texas

I highly recommend watching this video, supported by many including Governor Rick Perry, to help demonstrate why Texas is so strong:

Latest Statistics (hover for detailed figures)