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Great News for Texas... One Half-Million New Residents in 2007 !

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 !

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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 .

Comment balloon 28 commentsKaren Anne Stone • December 27 2007 06:36PM

Comments

Karen Anne -

I need to move to Texas!  Poor California is overbuilt, overpriced, over populated...except in my county, little 'ole Del Norte...we definitely are the other California, thankfully.

It's wonderful to see your state is booming.  Cheers to having a fruitful year in 2008.

Posted by Fran Gatti, Managing Principal Broker - RE/MAX Integrity (RE/MAX Integrity) almost 10 years ago

Fran:  We are anything but booming.  But... today we got some good news.  Things have been pretty slow here.  Slower than usual for this time of year.  So, hopefully with this good news, things will pick up again after the first of the year.  Thanks for commenting.  By the way, we do have room for you here.  Get packed, and come on down.  Wait til you see how much house your money can buy here !

I just looked on Mapquest for Crescent City.  It looks like an absolutely beautiful area.  Right on the ocean.  With Mapquest maps aerial view, I can even see the waves crashing on the sea shore.  And all those redwoods in Jedediah Smith Redwoods State Park.  It looks so nice.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Hi Karen Anne, that is good news!  The commerce that those numbers represent really will help the overall economic outlook in Texas...and home sales!
Posted by Deborah Burns ~ Seattle Real Estate Agent (Realty Executives -BRIO) almost 10 years ago
Half a million people should provide quite a boost to the overall Texas economy.   That's a great present from Santa.
Posted by Jesse & Kathy Clifton, Retired (Jesse Clifton & Associates, REALTORS®) almost 10 years ago
Karen Anne, That's a LOT of people.  No wonder our economy is so much better than the rest of the U.S.
Posted by Kay Perry (Kay Perry, Broker) almost 10 years ago
Hi Deborah:  Yes, that is excellent news, but that has been the case with Texas for quite a few years.  But news like this rarely makes the headlines.  It is not negative so it won't be in the newspapers, or on Fox or MSNBC.  Jim Cramer will yell about other nonsense, but not about five hundred thousand people moving to Texas in 2007.  Thank for your comments.
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Hi Jesse and Kathy:  This is the way things are in Texas.  It is a place people move to... not away from.  We have a good job market, great weather, and lots of affordable housing.  Santa comes every year to Texas.
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Hi Kay:  Yes, it's great news.  Now if we could only get half of them to move to Fort Worth, and the other half to Bryan/College Station, that would be even better.  Take care, and thanks for commenting.
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Karen, It sounds like your housing market should be increasing a bit with this kind of population growth. Happy New Year.
Posted by Judy Tuscano, NH Real Estate Professional (Prudential Verani Realty) almost 10 years ago
Hi Judy:  I believe the total population of Texas is about 23 million, so 400,000 new residents is about 1.7% or so.  Not a huge increase, but an increase nonetheless.  I am hoping the new year brings about that a decent number of those new folks, plus perhaps a similar number in 2008... will be in the market for a new home.  That will be great news for everyone.  Thanks for commenting, Judy.
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

Karen - Terrific news for the State of Texas and those businesses in Texas!  I'm really not surprised with this news as the State is so diverse in many, many aspects with being able to meet the needs of a great deal of the US populations requirements in terms of housing, employment, recreation, sense of community and ... well, I think I could go on for ever as to the benefits of living in Texas.  It seems the word is getting out about y'all! 

Happy New Year to you!

Jackie

Posted by Jackie Peraza, Home Stager - Framingham, Massachusetts (Perceptions AdverStaging(TM), LLC) almost 10 years ago

Hi Jackie:  Yes, Texas is quite a place.  I do think it is the only state out of the fifty states in he Union that at one time actually was it's own country.  Texas is a very liveable state.  There are so many different nationalities here.  Most have acclimated themselves into the mix that Texas is, but in many instances groups of particular nationalities have made certain cities sort of a center for that nationality. 

Many people of German descent have settled in some cities south of Austin and north of San Antonio, and have one whopping Oktoberfest celebration.  It's nice to know there is room here for everyone, and also nice to know that there are jobs, education and homes for everyone.  Jackie, thanks so much for your kind words.  Take care... keep smiling...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

Karen- do you happen to know the name of the Czech bakery in Waxahachie that is so well known their kolaches?  I could not drive I35 towards Dallas-Ft. Worth without stopping in there - the kolaches were divine.  I could never remember the name of the place, but I knew it when I was coming up on it!

Jackie

Posted by Jackie Peraza, Home Stager - Framingham, Massachusetts (Perceptions AdverStaging(TM), LLC) almost 10 years ago

Is it the Kolache Bakery Depot??  There are a few Czech bakeries in Waxahachie, but KBD is the favorite of many.

Posted by Amanda Evans, Real Estate Broker - Fort Worth Texas (DFW Living) almost 10 years ago

Jackie, do you mean Waxachachie, or do you mean West?  There's a bakery in West that is world-famous and a necessary stop when driving through there on IH35.  (Used to drive annually from Jarrell to Waxahachie for Scarborough Faire and we always stopped going both ways, in full bellydance regalia, for our kolache fix.) 

And, yes, people have seemingly been streaming into Texas for quite some time now.  The Census Bureau just confirmed what we who live here already knew! ;-)

 

Posted by Tricia Jumonville, Texas REALTOR , Agent With Horse Sense (Bradfield Properties) almost 10 years ago
Hi Tricia:  I was wondering that very thing.  I have stopped at the bakery in West, Texas many times to buy kolaches.  They are delicious.  I think there is a fairly large Czech population in West, and thus the bakery.  I was trying to remember ever seeing anything like that in Waxahatchie, but could only remember bar-be-que places.  Thanks for the suggestion.   Karen Anne
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Hi Amanda:  I really do not know Waxahatchie that well, but I have not been able to remember a Czech bakery there.  I know of the famous one in West, though.  Been there many times.  Jackie, next time you are near West, Texas... Czech it out !
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

Great report Karen Anne and having re located to TX in 2001 I can agree with the information you have here and am a living testament to what brought us to TX; jobs, affordable housing and a great quality of life.  

You should post this to the Texas groups too.

Posted by Karen Otto, Plano Home Staging, Dallas Home Staging, www.homes (Home Star Staging) almost 10 years ago
Hi Karen:  Thanks.  I thought it was such good news that I immediately got online and wrote a post about it.  Yes... affordable housing, jobs, the weather, and a great quality of life.  And, what a great idea.  Posting a post about Texas in all the Texas groups.  Hey, a girl can't think of everything, can she ?  Karen, thanks for your kind comments.  Take care...
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Good news Karen Anne,  and a good post as well.  Looking forward to 2008.  Have a Happy New Year! :)
Posted by Ricki Eichler McCallum, Broker,GRI,ABR, - Your Coastal Bend Home Source (CastNet Realty) almost 10 years ago
Hi Ricki:  I am looking forward to an exciting 2008.  Thanks so much for your kind comments.  Here's hoping that you and your family have a Happy New Year, too !  Take care.
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

Y'all are right - it's in West!  BBQ in Waxahachie and if my memory serves me unusual for TX architecture, am I right? (sheesh....it's only been 3 years!) 

Karen Anne, it's too far of a drive for me to make, but next time you stop in to have one think of me :)

Jackie

Posted by Jackie Peraza, Home Stager - Framingham, Massachusetts (Perceptions AdverStaging(TM), LLC) almost 10 years ago
This post is featured on the Plano TX RE Pros group Karen Anne.
Posted by Karen Otto, Plano Home Staging, Dallas Home Staging, www.homes (Home Star Staging) almost 10 years ago
Hi Karen:  I followed your suggestion, and posted in all of the Texas groups.  Thanks so much for featuring it in the Plano group.  Karen, have a Great New Year !  Take care...
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
Wow!  We just had a news report here in Maine that we had a whopping 2000 new residents in Maine over the past year.  Of course, as a rural state, we kind of like the rural, non-builtup nature of Maine.  You've got us beat in spades!
Posted by Kristen Wheatley, Lewiston/Auburn Maine Real Estate Agent (The Maine Real Estate Network) almost 10 years ago

Hi Kristen:  Everything is relative.  Texas had 500,000 new residents, Maine had 2,000.  So Texas had 250 times as many new residents as Maine.  That's ok, really.  I am sure Texas has much more than 250 times as many Realtors as Maine has, so you are probably ahead.

Each state has their positives and negatives.  There are so many positive aspects of living in the great state of Maine... I am sure that Texas would have nothing to compare with them.  Such a beautiful state you have.  A good comparison would be Bush Sr. estate in Kennebunkport, and Bush Jr. place (ranch) in Crawford, Texas.  You win hands down.  Kristin, thanks for reading, and thanks for your comment.  Take care... and please come back again !

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago
You know many states above y'all are actually having a negative attrition rate, ND, SD, WI, and many states in the upper midwest are losing folks and government services are way down too, they seem to be moving to TX I guess? Of course, TX is getting new folks from many places. Lance
Posted by Lance Winslow (The Car Wash Guy) almost 10 years ago
Lance:  Yes, and one of many reasons is the low cost of housing, low overall cost of living, slowly increasing property values (so there has not been a "bubble" to burst) and a good job market, and varied workplace.  Also, unlike many areas... Colorado, Atlanta, West Coast, there is no water shortage here.  Fort Worth and Dallas are surrounded by many lakes and rivers.  You may not believe this happens in Texas, but boating is a pretty popular pastime here.  Thanks for commenting...
Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

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