According to the Texas A&M Real Estate Research center, people have been crazy about Texas real estate for long due to the low housing prices and affordability factor but never really fond of it’s hot weather condition. In the last two years, post pandemic interest has really spiked many folds due to lots of different factors.
It has been an attractive relocation destination for the past decade thanks to its pro-business environment, relatively affordable housing, and friendly charm. While population growth has been strong all ten years, some years have stood out more than others.
A wave of Californians came to Texas in 2018, shortly after the Tax Cut and Jobs Act of 2017, which prompted numerous moves due to the loss of state and local tax (SALT) deductions. The onset of COVID in 2020 brought another wave of newcomers.
While the number of Texas households moving to less dense areas of the state has greatly increased, especially within the “Texas Triangle” (the region bordered by I-35, I-45, and I-10), the number of in-migrants has grown well beyond the national average. In fact, Texas had an almost 200,000 net increase in out-of-state moves between the summers of 2020 and 2021, second only to Florida, which had slightly more than one-quarter million.
The number of newcomers from California has been especially high over the past few years (Figure 2). The big question is, how many more Golden State residents will call Texas home because of the post-COVID scramble?
Here is the most common reason,
To learn more about this trend, check out the article, https://www.recenter.tamu.edu/articles/tierra-grande/Take-Me-to-Texas-2340
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