The U.S. dollar's weakness has caused problems here at home, but I see it as opening up opportunities for people in other parts of the world.  With the dollar so weak compared to the Euro and other currencies, I see a tremendous opportunity for people from other countries to invest in U.S. real estate.  If someone comes in and buys a number of properties and the dollar rebounds later, these buyers would have instant equity.  When the dollar will recover is anyone's guess.  I'm not an economist, but the dollar doesn't tend  to stay down compared to other currencies forever.

So foreign nationals, where should you buy?  Texas - specifically Austin, Dallas and San Antonio.  Texas has a healthier and larger economy than many countries.  Real estate is relatively inexpensive.  People are moving to Texas in droves.  Austin, Dallas and San Antonio are among the top 10 metro areas in the country in terms of growth.  See an article  about growth from the Austin Business Journal here.

Why are these areas growing?  Once again, the Texas economy is very healthy.  Job growth is very strong and unemployment is relatively low.  Texas also is seeing people who are leaving colder climates move to the state.  Go figure.  Places like Austin and northern San Antonio have the allure of the Central Texas Hill Country.  These areas have lakes, rivers, creeks, hills, parks, golf and many other forms of recreation.  In addition to people moving for jobs, these areas are attractive to people who are retiring and also for second homes.

Need more information?  Call me at 512-293-2422.