Texas Fares Better Than Others In The Real Estate Market

Texas has 672,000 FHA loans – California is 2nd at 392,000.

The average L-T-V in Texas is 70%.

Home values have dropped just 4.6% here.

The foreclosure rate of 1.82% is 7th lowest. New York is 4.74%, California’s is 4.42%, and Florida is 13.68%.

The subprime percentage here is just 10.6%.

The homestead law that we complained about in the 80’s saved us a lot of California like turmoil.


Combine all this with the improving economy, relatively healthy state government and low state tax rates and you have a recipe for some good years in the future.