Strong Economies in Middle of US Translate Into Real Estate Gains

Mount RushmoreResidential real estate in Texas and other central states, which never rose too high or fell too far, is now benefiting from the region’s hot economy.

In some of the states, you could even say residential real estate is a well-oiled machine — energy production in the central U.S. has helped bolster the region, as seen in the states’ low jobless rates.

“The middle of the country, the spine, has done much better than the two coasts,” says Jim Gaines, a research economist at the Real Estate Center at Texas A&M University. “A common thread is energy, from Texas to the Dakotas — there has been a real boom time due to the exploration and drilling activity.”

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