This is a light overview of some of the long term market trends in the major markets in Texas over the past few years. With exception to Dallas, all Texas markets have been on a steady property appreciation rate over the past decade, even despite the real estate collapse in the late 2000’s. This year especially, sales figures are showing unprecedented growth in all major Texas markets, including the Dallas market.
Texas is positioned to have one of the fastest growing economies in the US. Texas is home to 51 of the top companies in the Fortune 500 list, six of which are in the top 50. The Texas economy’s ‘robustness’ and relative stability to rest of the nation has been attributed to its strong oil and natural gas industry, and healthy diversification between information technology, biomedical research, agriculture, and manufacturing industries.