Friday, July 18, 2008

Texas property markets likely to cool but still outpace U.S., economist says

The Dallas Morning News - July 18, 2008

Texas property markets will continue to outpace the nation, but things are likely to cool a bit through next year.

“The Texas housing markets are going to be spotty,” said Dr. James Gaines, a research economist with Texas A&M University’s Real Estate Center.

Some residential markets “will be doing very well and some will be doing poorly,” Dr. Gaines said to a corporate real estate group meeting in Addison on Thursday.

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