Texas relocation report was released early this month by Texas Association of Realtors and it reinstated the fact which we kept hearing these recent years. Based on U.S. Census data, the report shows that Texas continues to lead the nation in relocation activity and be a sought-after location for people moving from other states. Texas’s reign as the top ‘domestic migration destination’ in the nation continues to be fueled by unprecedented economic growth, Dan Hatfield, chairman of the Texas Association of REALTORS®, commented.

Here is quick snippet of the report which gives lot of interesting things to ponder,

Texas gained more out-of-state residents than any other state in 2013, with 584,034 people moving to Texas from out of state. A majority of these residents originated from California (66,318), followed by Florida (32,619), Oklahoma (29,169), Louisiana (29,042), and Illinois (28,900).

Texas ranked third in the nation for number of residents moving out of state in 2013 (409,977), coming in behind California (581,689) and Florida (423,995) and topping New York (401,440) and Illinois (304,674). Like with incoming residents, a majority of the Texas residents who moved out of state moved to California (32,290), followed by Oklahoma (27,391), Florida (24,226), Colorado (23,490), and Louisiana (21,747).

Harris and Dallas counties remain the top two most mobile counties in the Lone Star State, ranking No. 1 and No. 2 in Texas, respectively, for both the largest inflow and the largest outflow of people. However, both of these counties posted the highest net losses of residents moving out of county, with Dallas County posting the highest net loss of people (25,461) followed by Harris County (20,222).
Overall, Texas had a net gain of out-of-state residents in 2013, with 138,057 more people moving into Texas than Texas residents moving out of state. This report comes six months after U-Haul named Texas the No. 2 growth state for 2013, Houston as the nation’s top destination city, and Dallas as the top U.S. growth city in its 2013 relocation reports.

Read the Texas Relocation report at texasrealestate.com.

With so many people moving into Texas, obviously the housing market is in lot of stress to provide housing for them. As buyers, many of you might have seen it in the real life when trying to buying a house these recent months. So much competition, not from investors anymore, its from another buyers who want to get in to the same house. If the area and neighborhood is hot, then it makes the job even tougher. Don’t go alone, take an experienced Realtor with you to help you out even if you are buying a new builder home. Now the market has slowed down a bit, it might be a good time to jump in and find some deals.

About Vijaianand Thirnageswaram

I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.

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