LOW RISK of HOME PRICE DECLINE in TX
This is due to Texas’ lower-than-national-average housing cost, according Dr. Ali Anari, a TX A&M Real Estate Center research economist. “When Texans are able to spend more on nonhousing goods &
services, the state’s economy is strengthened & more people attracted”. The fact that Texans pay
less of their income means they have more to spend on other things that add to the overall quality of
life. Texas offers a lower cost of living than many places in the U. S. Employers can attract workers at a reasonable wage to compete on the global market. In Houston & Dallas consumers spent
18.6% of their income on housing in 2008.
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