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/