Texas- Hottest Real Estate Market in 2020?

[Bryan Noth]

Article Highlights:

"Real estate investors have been flocking to the Lone Star State this year, driven by a combination of population and employment growth."

"Four of the ten fastest growing metropolitan regions in the country were based in Texas. These included Austin, Dallas, San Antonio and Houston, according to the latest census data."

"Austin’s population has been growing at an average rate of 55,500 people every year or 155 people every day since 2010. The biggest source of new residents for the city come from other parts of Texas, followed by California, Florida, New York, and Illinois."

"The city also leads in job creation, Economists at PriceWaterhouseCoopers expect the city to create more jobs than any other metropolitan area in the country in 2020, despite the pandemic."

“[T]ech talent and population has spurred the commercial real estate sector too. Austin was ranked as the second-best commercial real estate market in 2020, by CBRE. “

https://www.marketcurrentsweal...

[John Morgan]

Over 600 people a day are moving to DFW. Mostly from California. I’m not sure how many are leaving the area, but dang that’s a lot of people. It’s all about supply and demand. That’s why I’m loading up on rentals in this area. Being that Texas is a business friendly state, companies keep coming from over taxed and over regulated states like CA. Almost all my rentals get taken before I even list them. Word of mouth gets out and people need a place to rent. SFRs under $1700/month are in high demand out here. My sweet spot is to buy homes in the 100k-150k range.