January 2021 DFW Area Real Estate Stats

The January 2021 DFW area real estate statistics are in and we’ve got the numbers! Our stats infographics include a year over year comparison and area highlights for single family homes and condos broken down by MLS area. We encourage you to share these infographics and video with your sphere.

To see past month’s reports, please visit our resources section here.

For the full report from the Texas A&M Real Estate Research Center, click here. For NTREIS County reports click here.


Texas Relocation Report

February 10, 2021 — Austin

Texas ranked second in the nation for relocation activity in 2019, according to the 2021 edition of the Texas Relocation Report released today by Texas REALTORS®, which analyzes the latest available migration data from the U.S. Census Bureau and U-Haul.

“Once again, Texas welcomed more than half a million new residents from other states,” said Marvin Jolly, 2021 chairman of Texas REALTORS®. “Some move here for a lower cost of living than where they’re from, a great quality of life, diverse job opportunities, good weather—there are many reasons people continue coming to Texas.”

According to the Census estimates, Texas welcomed 537,000 – 582,000 new residents in 2019. This is the seventh year in a row that Texas attracted more than 500,000 new residents from out of state. The Census also estimated 435,000 – 471,000 Texans moved to other states, yielding a net gain of approximately 100,000 people. The Lone Star State also welcomed approximately 192,000 – 222,000 new residents from outside the United States in 2019. 

The highest number of new Texans from other U.S. states relocated from California and Florida, respectively. Other top states for people moving to Texas included Louisiana, Illinois, Oklahoma, New Mexico, Georgia and Arizona.

California ranked first in the United States for the number of residents moving out of state in 2019, with Texas coming in second. The most popular out-of-state relocation destinations for people moving out of Texas included California, Colorado, Oklahoma, Florida and Georgia. While California was the top state new Texans moved from and existing Texans moved to, about double the number of Californians moved to Texas compared to the migration of Texans to California.   

From 2014 to 2018, the top counties for people moving to Texas from out of state included Harris, Dallas, Tarrant, Bexar and Travis. On the metropolitan statistical area (MSA) level, the Dallas-Fort Worth-Arlington MSA and Houston-The Woodlands-Sugar Land MSA recorded the highest number of incoming residents from out-of-state during the same time frame.

“Though we don’t have 2020 relocation statistics yet, increased remote-work opportunities and company relocations continued to fuel moves from other states to Texas during the pandemic,” said Jolly. “No matter what part of the state these new residents are moving to, no one is better positioned to help them realize their real estate dreams than a Texas REALTOR®,” he said.

Source: https://www.texasrealestate.com/


Renting vs. Buying – Is this your year?

New year, new house?  Could this be the year you finally buy a house and get out of renting for good? There is a lot to consider with this decision so we’ve put together a list of the advantages of buying and some reasons to keep renting in the event buying is not in your best interest at the moment.  Take a look and think it over!  If you have any questions on buying vs. renting, there’s no better person to talk to than a Realtor.  They are your industry experts and can get you going on the path towards buying.

Advantages of Buying

  • Interest rates are generally low right now, making it a great time to buy.
  • When you buy a house, you will know that the mortgage rate for the next 5 to 30 years is going to be the same every month. Rent may continue to increase each year.
  • With each payment, you will build equity and increase the amount of total home ownership.
  • There may be down payment programs available in your area that can help you purchase your first home.

You Should Consider Buying If

  • You want to build wealth.  Investing into real estate is the fastest way to add zeros to the end of your net worth.
  • You want to settle down, build community and know you will be in the same city or town for at least 2 years.

You Should Keep Renting If

  • You need flexibility and don’t want to commit to staying in the same location for the foreseeable future.
  • You have limited income or are unsure about your current job.  Renting allows you the flexibility to downsize your living space.

If you are thinking about buying a home, reach out to a REALTOR® to get started.

Click here for a printable version.