Below you will find some information that is commonly listed in real estate investing tips or information sites. There is money to be made in Real Estate and with any investment the more knowledge you have the better off you are. We don't know if Texas is the best place to invest in Real Estate but we think it's pretty good. If you have some specific questions about areas in Dallas, Houston, Austin, or San Antonio don't hesitate to ask as we have loan officers in most areas of the state and they can provide their opinion for you. Our main office is located just north of Austin in Round Rock so we know this area very well. Judge for yourself. Texas has 3 things working in its favor:
Texas is one of three states dominating population growth. The U.S. Census Bureau says that Texas, Florida, and California will account for nearly half of total U.S. population growth (46%) in the next 25 years. The projections say that the top three states will gain 12 million people each by 2030. Having more people simply means there is going to be a need for more housing, and that's a good thing if you are looking to invest.
Texas employment growth exceeded national employment growth rates in 2005. Recent Southwest Economy analysis from the Federal Reserve Bank of Dallas confirms that Texas non-farm employment growth is outpacing the nation. The Texas economy in 2005 posted its best performance since 2000. According to Bureau of Economic Analysis (BEA) data Texas personal income rose in 2005 and Texas ranked fourteenth in the nation for personal income. In 2004, Texas had a total personal income (TPI) of $690,376,069 and ranked third in the nation with a 6% increase from 2003.
Texas has two cities, Austin and Dallas on Forbes's top 10 lists of the Best Places for Business and Careers. Texas has no personal or corporate income tax - state or local. Texas ranks just 45th out of 50 states in homeownership. Texas has a low cost of living.City and Areas to Consider:
Sources: Office of the Governor, Economic Development & Tourism, Texas Economy online, Forbes.com