New Potential In The Texas Housing Market?

Question

The housing market in Texas has begun to increase substantially in the last few years with COVID-19 being a huge factor. The new remote work phenomenon has given people the ability to work anywhere they wish to reside. Texas has been a popular destination due to its affordable housing. This has also been a key to an increase in investors buying properties in hot markets such as Austin, San Antonio and other major Texas cities. This article by 24/7 Wall St highlights the smaller cities that have property prices beginning to increase. Big tech companies relocating to major cities in Texas are driving up real estate prices. With people wanting to be close to the big cities, there has been a significant increase in real estate prices in those markets. Residents also moving outside of the big city in search for more property at a better price is growing the population rate and is increasing home values by 20% to 40% in certain cities such as Leander, Hutto, and San Marcos. There has been no sign of the Texas housing market slowing down any time soon. Texas is a market that I believe investors can capitalize on. With smaller cities beginning to grow so does the availability to invest in more lucrative properties. What are your thoughts on the Texas housing market? Is it a gold mine for investors just waiting to be discovered?
https://247wallst.com/city/home-values-are-surging-in-hutto-texas-4/

Jordan Moorhead · Answer

@Paul Rojas I don't think there is anything to "discover". By the stats you mention clearly people have already discovered it. That being said the decades long growth probably won't stop soon!

Ryan Kelly · Answer

@Paul Rojas I agree with @Jordan Moorhead the Texas play isn’t new. In fact, we’ve had investors playing the “up and coming” Austin game for 20+ years. COVID-19 only accelerated the trend. Find markets your are interested in and start networking.

Kim Ehardt · Answer

@Paul Rojas - historically, Austin has weathered market declines well.  In cases where the market HAS been shaken, it has affected outlying areas harder than the city.  That said, I agree with Jordan Moorehead - even small areas like Hutto (and Hutto is small!) are becoming a well-connected part of the central metropolis.  As companies continue to relocate here, our rural farmland communities are not so rural any more.

Michael Plante · Answer

Personally I don’t like potential gold mines

With so many places to put my money where I know it will increase it isn’t worth the added risk

For others I am sure they will cash in big. . . Or not

Wale Lawal · Answer

The Texas market is still up and running, and it's not slowing down. I have clients from different states investing in the Houston area; you just need to know where to look.

Jordan Moorhead · Answer

@Paul Rojas I don't think any of the Texas Metros will slow down anytime soon! The only one I'm a little skeptical of is Houston if they keep hitting against energy

Allen Wu · Answer

@Paul Rojas

Do you foresee San Antonio slowing down any time soon? Or do you think it’ll keep going up?

Jordan Moorhead · Answer

@Reggie Nworie I'm not a big fan of taking investing advice from CNN columnists personally. Foreclosures will have to happen at a massive scale to flip our supply and demand problem and that's the only thing in there I saw that wasn't opinion. I hope they do as I want to buy a lot more! But I don't see that happening personally.

Jordan Moorhead · Answer

@Paul Rojas I don't see anything about a decline in that article? Hutto isn't a small town either. It's a part of the Ausin metro area. It's essentially a suburb and I've been selling to buyers there who work in Austin.

If the world economy crashes I think Austin will get hurt, otherwise I don't see how prices will go down with 180+ people a day moving here to work for companies like Google, Apple, Tesla, Samsung, Facebook, etc,

Zambricki Li · Answer

Do a deep dive into the Property Tax in Texas and how they assess it. Then compare it to Nevada. Then calculate owning it for twenty years. TX is a popular "secret" that everyone already knows about...so it's not a secret goldmine IMO

New Potential In The Texas Housing Market?

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