Texas- Hottest Real Estate Market in 2020?
Article Highlights:
"Real estate investors have been flocking to the Lone Star State this year, driven by a combination of population and employment growth."
"Four of the ten fastest growing metropolitan regions in the country were based in Texas. These included Austin, Dallas, San Antonio and Houston, according to the latest census data."
"Austin’s population has been growing at an average rate of 55,500 people every year or 155 people every day since 2010. The biggest source of new residents for the city come from other parts of Texas, followed by California, Florida, New York, and Illinois."
"The city also leads in job creation, Economists at PriceWaterhouseCoopers expect the city to create more jobs than any other metropolitan area in the country in 2020, despite the pandemic."
“[T]ech talent and population has spurred the commercial real estate sector too. Austin was ranked as the second-best commercial real estate market in 2020, by CBRE. “