Home prices bring retirees
Posted by Mike Pannell on Sunday, February 24, 2008 at 7:02:41 PM
By Mike Pannell / February 24, 2008
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Texas is replacing Florida as a retiree hot spot. A home in Texas is about two-thirds of the median price nationwide and a quarter the median price of a home in California. Jim Gaines, research economist with the Real Estate Center at Texas A&M University, said high median prices in many U.S. markets are "one of the reasons why we think Texas is going to have that boom."
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