A study by PMI Mortgage Insurance Co. put Texas cities in it’s lowest risk categories when determining the probablility of real estate price deflation over the next two years.
Dallas, Fort Worth, Houston, and San Antonio received the 3rd, 4th, 5th, and 7th lowest scores on the PMI Risk Index of the largest US cites; each with a “Minimal” risk rating. Austin/Round Rock received the 16th lowest score with a “Low” risk rating. The only factor contributing to a less-than-perfect score for Austin/Round Rock was “affordability.”
States with the highest risk? You guessed it: California, Florida, Nevada, and Arizona.
Read the detailed PMI Risk Index Report here.
Popularity: 1% [?]
The people of Texas with their habits and business practices are contributing to this stability. Until something better comes along, other states should be studying and modeling the strategies here.
A perfect storm like this is not going to come along again for many of us in our lifetimes. Now is the time to be acquiring property in Texas while you can still do it and capture $25,000 equity almost every time.
If you don’t know how to do it, attend some workshops and events in your area and get moving.
This way you won’t have to look back with regret and say: “I wish I could go back to 2009 and 10. I’d buy a bunch of those houses that were for sale $30 and 40 thousand below market. I’d have cash flow and wealth that I control. This stock market crash of 201? would not have hurt my family so much.”
How many of you said that about the late 80’s? Do you like living with regret? Only action today can prevent it.
Educate yourself, have courage and execute. Good luck.
It’s really amazing to see that much blue (minimal risk) in Texas when the rest of the country is red and yellow.