Texans worried about future of U.S. economy, housing

Nearly 58 percent of Texans have a pessimistic attitude toward the national economy and real estate industry.Although the Texas economy and housing market has gained considerable momentum so far this year, the majority of residents feel these sectors on a national level are still on the wrong track.According to a poll conducted by the University of Texas and the Texas Tribune, 58 percent of Texans have a pessimistic attitude toward the national economy and real estate industry. In contrast, just 34 percent of respondents share a similar sentiment about condition in the Lone Star State.”Almost all of the wrong-track numbers went down, and almost all of the right-direction numbers went up,” said Texas Politics Project head Jim Henson. “You get a sense that people are feeling some slight improvement in the economy and they're feeling things going pretty well in Texas.”The state currently has an unemployment rate far below the national average, and this rift has existed during the course of 2012. This development has weighed favorably on Houston real estate and Texas as a whole.Local residents considering an investment in Houston homes may want to make the transaction sooner rather than later, as prices are expected to increase in the near future. Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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