Monday, November 24, 2008

Recession headed to Texas too



Just because housing prices in Dallas and Houston haven’t cratered like Phoenix, Miami and SoCal doesn’t mean Texas will escape scot-free from the economic downturn.

The Dallas Fed has officially weighed in, and the prognosis isn’t good. Much of the state’s economy is at a four-year low, and 2009 is supposed to be worse.

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