Coming back to the Valley has made me realize that the recession affecting most of the country is non-existant here in South Texas. Everywhere you turn, there is a new shopping center, new subdivisions, and farmland being turned into hip, urban "lifestyle centres".
This is very true in the Mcallen, Edinburg, and Mission area. According to a recent list from CNNMoney.com, McAllen, TX ranked as the #1 Fastest Growing Real Estate Market. The rankings include a twelve month growth projection of 4% with a median home price of $109,000. The second city listed comes nowhere near McAllen and has a projected twelve month growth of 2.7%. The article mentions the state of Texas is not feeling the housing crisis as hard as other states.
Mcallen also Ranked 2nd in the Nation for Income Growth and 1st in Job Growth by Forbes Magazine. The Valley is growing, but is it growing too fast for its own good?
1 comments:
What can I say Texas rules!! Annette
Post a Comment