Photo courtesy of Ray Bodden

Photo courtesy of Ray Bodden through a Creative Commons license

Texas is the place to be for economic prosperity and job growth, which in turn has made our real estate market one of the best in the nation, according to the 2014 Texas Annual Housing Report, released this week by the Texas Association of Realtors.

Nearly every area of real estate in the Lone Star State continues to get bigger and better, some of it astoundingly so, the report shows. Most notably, growth has happened in luxury home sales, international home buying, relocation activity, condominium sales, and remodeling trends.

“It’s a great time to live in Texas. The high demand for Texas real estate is not being fueled by speculation and investment activity—it’s driven by the thousands of people who move to the Lone Star State daily,” said Dan Hatfield, chairman of the Texas Association of Realtors. “People are moving to Texas from across America and around the world to take part in our state’s booming economy, business-friendly environment, and quality of life.” (more…)

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We’ve been talking about this trend for some time, but thanks to the business-friendly environment Great State of Texas and our fantastic job market, more people are moving to our state from areas where there are fewer jobs and houses cost a whole lot more.

And of course, when more people relocate to Texas, that means more real estate clients. A total of 138,057 new clients according to the statistics from the Texas Association of Realtors’ “Texas Relocation Report.”

The report, which uses data from 2013 American Community Survey, the 2008-2012 American Community Survey 5-Year Estimates by the U.S. Census Bureau, as well as the U-Haul 2013 National Migration Trend Reports shows that Texas is outpacing Florida, California, Georgia, and North Carolina in the number of people moving from out of state.

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