7 Major Reasons Why You Need to Look at the Texas Real Estate Market Right Now

A lot of people have moved to Texas in recent years. This guide is going to show you seven reasons why that is. You may have heard the news of people from California moving to the Lone Star State for various reasons.

texas real estate

Whether it’s politics or something else, there’s a reason why people are moving here. If you are planning on making a move to the Austin area, you may want to consider working with Teifke Real Estate to help you find the home of your dreams. For more information, visit them at https://www.teifkerealestate.com/round-rock-realtor/.

Let’s take a look now at the following reasons why Texas’s real estate market is hotter than ever.

The job market is looking great

The economic climate in Texas is looking stronger than ever. The job market is proving its worth and the employment numbers are proving that. The increase in those numbers are showing that more jobs are being created and fulfilled.

Oil and gas is considered to be one of the biggest industries in the state (and has been for years). Plus, tech companies are also settling in the Austin area and becoming a new Silicon Valley.

Taxes are low

There are no personal income taxes in the state of Texas. On top of that, residents are enjoying a lower tax burden. If you’re wondering why many people are coming here (including those from California), then this is one of those reasons.

States like California are known for their high taxes and regulations. This may have been enough for many of their residents to leave the state in droves and find relief elsewhere.

Land and homes are quite cheap

Believe it or not, real estate in Texas is affordable. On top of that, buying land isn’t as challenging compared to other states in the Union. That’s because Texas has plenty of land supply and there are less regulations dealing with the process.

For this reason, it’s providing a more positive residential and commercial climate. If you are planning on building a home or opening a business in Texas, this may be the best time to do it since there is an abundance of land.

Plus, Texas is a great place for business owners to prosper and grow. You’re also contributing to the ever growing job climate that is continuing its upwards trajectory.

Plenty of large cities

texas city

Texas is home to six out of the 20 most populous cities in the country. Houston is the fourth largest city in the United States with Dallas not that far behind. With large cities, there’s plenty of opportunities for homes both in the city and the suburbs.

Not only that, people will always find something to do whenever they are in and around the big cities. You’d be hard-pressed to find a dull moment wherever you are in the state of Texas. In fact, we dare say that in Texas, boredom may very well die here.

Think of some of the activities you love doing on a regular basis. What can you do in places near Austin, Houston, or Dallas? The options are pretty much limitless and you might be missing out if you don’t make the move.

New industries are calling Texas home

As mentioned before, California (and Silicon Valley in particular) may have its days numbered. The reason for this is that many tech companies are looking to make Texas either their new primary home (or a second home). Even long-term fixtures like Apple are building an additional campus in the state.

Elon Musk has also planted his flag by bringing Tesla to Texas. The Gigafactory outside of Austin had recently opened up. The new and emerging industries may be looking to the Lone Star State as the new home base of choice and spurn California (for obvious reasons).

Think about it: wouldn’t you rather start a business in a place that has a business-friendly climate over a place where people are leaving in droves? Mr. Tesla himself was onto something when he tweeted something that indicated he was leaving the Golden State for a new home. 

You get a little of everything

Texas has a bit of everything. You can make a trip to the beach and spend the weekend in Corpus Christi or South Padre Island. Or you may be checking out the desert landscapes of El Paso.

Texas has vast land and beautiful scenery like nothing else. While it may not be as mountainous as the Rockies, it’s got some beautiful mountain views to boot. If you are up for an outdoor adventure, Texas just might have something for you.

Who knows, you might not be too far away from hiking trails, the beach, or whatever else you call your home away from home. If only you find the right house first.

It’s still going strong right now

The real estate market is still going strong in Texas because of the demand for homes. With a large amount of land available and plenty of homes on the market, it’s faring better than the national average. Despite the short supply of homes nationwide, that’s not stopping people from considering Texas as the place they want to move to.

Besides, with plenty of land available, they might just build their new homes while living temporarily in an apartment or a home they can rent.

Final Thoughts

If you are looking to move to Texas, the seven reasons listed above are more than enough to pull the trigger and get it done. You’ll want to do it at a time when the real estate market is looking its best. It might be worth considering compared to where you might be living right now.

You may be dealing with high taxes, bad regulations, and a host of other issues. Once you move to Texas, you might fall in love with the place and never leave. That’s probably a guarantee on our part.

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