Wichita Falls Real Estate News
Today the Wichita Falls Chamber of Commerce met to discuss the year of 2008 and their advances. Some great information was release from Dr. John Martinez of the MSU Dillard College of Business. Dr. Martinez said in an article released, "It is also interesting to look at the relationship between housing values and household income. For the nation as a whole, the median value for owner-occupied housing units with a mortgage is $208,000 which is almost 3 times the median household income of $71,000.
For Wichita Falls, the same ratio is just over 1.50 ($85,000/$56,000), or about one-half the national average. Thus, local housing values are not as likely to fall as severely as they might nationally."
Dr. Martinez research is great message for the Wichita Falls economy.
If you have any questions concerning this article or the Wichita Falls Real Estate economy, please contact Ashton Gustafson @ ashton@bishoprealtors.com
