One of the least hit real estate markets in the country during the recession was Texas'. One main reason is Texans were never willing to pay the kind of prices for housing that other areas of the country were. This caused many areas in Texas to remain outside of the housing bubble.
With this in mind it is not surprising that Real Estate is Texas' third most important industry according Texas Real Estate. "The importance of Texas Real Estate activity in the Lone Star State cuts across State Boundary lines and affects the economy in other parts of the country. The complex web of inter-related finances which reflects the state of our modern economy means that what happens in Texas affects the rest of the USA and, more than likely, the rest of the world," says the magazine.
One area of particular interest that is still growing is the Austin condo market. Many people are still able to find god deals that are low risk for the buyer. Austin, Texas remains a desirable place to live as many transplants from different places in the U.S. have made their way giving it a cosmopolitan feel.
Other areas in Texas that have remained strong and good for investment is San Antonio and suburban Dallas.
