Realtors in Texas have some Good News to Cheer About. Today the Census Bureau reported that over 500,000 People Relocated from Outside Texas, and moved into Our Fair State during 2007 !
That is One Half Million more people in Texas in the Last Twelve Months. One Half Million people who need homes, who need food, clothing, iPODS and everything else. Five Hundred Thousand people to rent apartments. Five Hundred Thousand people taking new jobs... which ARE available. The new capital produced by all of these new residents will put Millions of Dollars back into the Texas economy as they purchase all the things new residents normally need.
Because the Texas the economy is so diverse... jobs are always available in almost all types of industries. Gone are the days of Over-Dependence on Oil which plagued Texas in the 1970s. The Texas economy is one that has become dramatically diverse. The high-tech centers in Austin, Fort Worth, Dallas and Houston are alive with jobs. Banking, medical centers, other health-care providers, grocers, and businesses of all types will benefit.
Most of the new home builders in Texas have much smaller inventories than they had even six months ago. With inventories back to close to normal, no longer will home prices in the existing re-sale markets be pulled downward due to new home builders slashing prices and offering such crazy incentives to buyers to get their homes sold.
Every year in Texas the market comes back to life in the first few weeks of the New Year. This January, with over Five Hundred Thousand new Texas residents stimulating our economy, the possibility of an improvement in the real estate markets in San Antonio, Austin, Houston, Dallas, Fort Worth and all cities and towns across the state has been enhanced.
A population increase like the Census Bureau just reported is surely great news not only to Texas Realtors, but to the Mortgage Industry, the Title Industry, Home Inspectors, Professional Home Stagers, and all those connected with the Texas Real Estate Market.
It appears that Santa has brought the Great State of Texas one very large Christmas Present indeed !
Dear Texas Newbies... to find your very own new home... please visit Karen Anne Stone's website at www.NewHomeHuntersDFW.com . Or call the New Home Hotline at (817) 929-3400. Karen's email is KarenAnneStone@gmail.com .