Just when you thought the world was going to end, the government lowers interest rates rock bottom & pledges to a stimulus package of over $150 Billion. Their gonna try to keep the country from going into a recession. Wall Street is not completely convinced, but time will tell how much banks truly lost on subprime mortgages. That said, some people in south Texas continue to enjoy a robust economy fueled by agriculture and the oil & gas market.
I've been reading the recent Tierra Grande published by The Real Estate Center at Texas A&M University and found some interesting articles about the demographics of Texas, its future, and the rural land prices. Basically, the future looks bright. So, if you're in the glass is half full crowd, then continue to invest in Texas real estate. If you're in the glass is half empty crowd, then go back and crawl under that rock. Right now, the rural south Texas economy is humming along just fine. But don't get too excited either way. Things will change!
For more info sent to you on properties & the articles I've been reading click here.
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