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The housing bust leaves in its wake elevated foreclosure levels in Texas and the U.S. Like other consequences of the bust, including declines in construction and existing-home sales, foreclosures have been less severe in Texas. While the nation's foreclosure rate has grown nearly sixfold over...
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U.S. financial woes are taking a toll on commercial real estate> investment in Texas. Uncertainty is prevalent among buyers and> sellers of office, industrial, retail and apartment properties,> and property sales are likely to remain subdued in the near term.
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The Dallas metropolitan division's economy, buttressed by business relocations and consolidations, has expanded steadily since 2010, following the Great Recession. Growth sectors, which included business and financial services, defense and security, and transportation, powered Dallas and helped...
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Texas' low cost of living has been one key long-term factor in the state's growth story—sustaining the economy through oil booms and busts. However, unprecedented home price appreciation and tight supply of starter homes during the housing recovery have eroded this advantage
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