Perspectives of a College Station Real Estate Agent
College Station real estate, Bryan real estate, and the surrounding areas are facing definately some tougher times in the past. Before you let the doom and gloom go to your head though, realize this: 60% of foreclosures are coming from 5 states in the United States. The information about real estate that you're hearing primarily comes from information in one of these states; California, Arizona, Florida, Georgia and Michigan. (MSNBC news article).
Texas is actually one of the strong real estate states with values rising modestly in many areas.
No doubt that the increasing layoffs and economic downturn will have an effect, but most real estate analysts believe it will be short lived here and make a minimal impact. The complete College Station Bryan real estate overview published by the Texas A&M Real Estate Center will give you statistics such as employment rates, housing costs comparisons and other useful data. For a quick market analysis look at this report, B-CS Economomy Still Going Strong, published 10/14/08 that states, in part, that Bryan College Station had the second strongest job growth in the state through August and is gaining jobs as opposed to the rest of the nations typical losses.
Remember that real estate is local. Bryan real estate tells a different tale than College Station real estate and both tell an entirely different story than California real estate.
For more information talk to a College Station real estate agent, such as Coti or I and we'll tell you what's happening up to date.