If Texas Cities Were Countries (i.e. “Why Texas is Awesome.”)
We’re not shy about the fact that Texas is a pretty darn great place to live. We’ve got land. We’ve got BBQ. And we’ve got a state-wide economy the size of all of Canada (no really).
We’re not shy about the fact that Texas is a pretty darn great place to live. We’ve got land. We’ve got BBQ. And we’ve got a state-wide economy the size of all of Canada (no really).
Stagnating economic recovery. Congressional gridlock. A downgrade of America’s always-sterling credit rating. A Eurozone threatening to huff and puff and blow the entire global economy back into a deep recession.
Here’s something amazing: interest rates on U.S. Treasury bonds have gotten so low, so cheap, that if you invest in them (widely considered the safest investment you can make), there’s a good chance you’ll end up earning less in interest than the rate of inflation. On a five year bond, for example, you’d lose .75 percent.
Home interest rates continued to intrepidly explore the geologic depths of the housing market this week — both in Texas and across the country. As result, it’s simply cheaper now than it’s been in several decades to buy a home in Texas.
Credit ratings agency Standard and Poor’s (S&P) followed through on its warnings and downgraded U.S. treasury bonds from AAA to AA-plus. Depending on how you look at the move, its impact on local housing markets could either be real or overblown.
Last week, we talked about how lots of Dallas homeowners are choosing to reinvest in their homes, instead of trying to make a move during a slumping housing market.
Without getting into politics, let’s take a look at how the success or failure of the debt ceiling negotiations these next couple weeks could affect the Dallas housing market. For better or for worse, what happens in Washington effects everyone — especially, as we detailed a few weeks ago, when it comes to Texas home interest rates.
Another day, another study adding statistical data to a fact most folks here in Dallas-Ft. Worth already know: Texas is a great place to live.
It looks like historically low home interest rates will be here for the foreseeable future — great news for folks in Texas looking to buy a new home.
Personal touches can pay off in a big way — especially in a competitive housing market.
Jenetta, DFW
"The most helpful people ever! The entire process to refinance our mortgage was fast, easy, and painless."
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