Hello hello, whether you are brand new around her, or been stopping by for quite some time. Our little corner of the Interwebs is here for you to answer all of your questions about relocating to our local real estate market. Today I will be sharing with you the 12 hottest real estate markets where people are relocating to!
12. Houston, Texas + The Suburbs
Why are people moving to Houston? – The weather, no state income tax, conservatism, land and acreage options, different types of housing options, the over 20 suburban options that offer something for everyone, the fact that it is viewed “family friendly”, the award winning school districts, the “affordable” housing, the fact that you can “get more for your money”, and the plethora of opportunities that awaits the corporate employee or entrepreneurial spirit. Easiest market on the list to purchase, if you are not a cash buyer.
Considering a move to Texas? – Check out this blog post and video: https://search.byjoandco.com/blog/where-to-live-in-texas-video/.
11. Miami, Florida
Why are people moving to Miami? – It is on the east coast, not too far from New York and New Jersey, with better weather and no state income tax. Middle class has a healthy amount of options between $300,000 and $500,000.
10. Las Vegas, Nevada
Why are people moving to Las Vegas? – No state income tax, great weather, and the relative affordability with great restaurant options and built in entertainment. Lowest unemployment rate among the top metro cities. Las Vegas was the second fastest-growing city in the United States in 2020.
9. Riverside, California
Why are people moving to Riverside? – Location & diversity in terrain! It is only 30 minutes from Los Angeles, 45 minutes from Newport Beach, 30 minutes from Palm Springs, and 30 minutes form the mountains. The prices are more affordable compared to the other popular areas of California.
8. Washington, D.C.
Why are people moving to Washington, D.C.? – Because of the low interest rates more first time home buyers and move-up buyers are stimulating the market. The activity within the government created some movement in the market as well, especially for the non-permanent resident alien status. It is one of the easiest places for individuals with an ITIN number to purchase. Making it a great place for investors to enter the market.
7. Dallas, Texas
Why people are moving to Dallas? – Dallas, like Houston, has amazing suburban options with award winning schools. It is also a huge business hub with similar markets: tech, medical, financial services and defense. Dallas also has several big organizations such as: Toyota, American Airlines, and Amazon. The main difference between Dallas and Houston is the weather. You will get more general year round warmer weather in Houston, plus you have the ocean there.
Considering a move to Texas? – Check out this blog post and video: https://search.byjoandco.com/blog/where-to-live-in-texas-video/.
6. Denver, Colorado
Why are people moving to Denver? – More and more people are discovering Colorado than ever before. Before the Internet, most would have thought of Colorado as cold, but it actually gets more sunshine than Florida. There are many amazing outdoor activities: hiking, skiing, fishing, and biking, really great restaurants, sports, and entertainment, such as theater. They have great public transportation, and a great airport. Downtown is considered to be very fun and safe. Individuals between 25 and 45-years-old are really driving the growth. The fact that marijuana is legal, might be part of it.
5. Atlanta, Georgia
Why are people moving to Atlanta? – The fantastic weather, low taxes, a thriving economy, the fact that it is considered “family-friendly”, nice lakes for recreation, and year-round golf, are just a few of the reasons folks are moving to Atlanta. The city has lots of activity, museums, parks, bars and restaurants. Some of its popular suburbs include: Virginia Highland, Buckhead, Midtown, and Druid Hills, with Decantur, Kirkwood, and Adair Park being the most affordable.
4. Tampa, Florida
Why are people moving to Tampa? – Tampa has sun about 300 or so days a year allowing folks to enjoy the great outdoors almost year round. With the recent revitalization of Downtown Tampa and the expansion of the Riverwalk, Tampa is on its way to have improved walkability and bikability, helping fuel its grown. Homes are affordable, with many suburb options. The area is also known for its affordability, beauty, entertainment, low taxes (no state income tax), great beaches, and steady job growth.
3. Nashville, Tennesse
Why are people moving to Nashville? – The biggest reason for Nashville’s growth is the redevelopment of Lower Broadway and 2nd Avenue. This area houses the Arena District with its tourism, bars, restaurants, and businesses. The area is home to more than 20 colleges and universities including: Vanderbilt, MTSU, Lipscomb, Tennessee State, and Belmont. The suburbs are also known for its amazing schools and being touted as “family friendly”. Making Nashville a popular attraction for those relocating is its extremely low taxes. If you love great music and vibrant entertainment, this city might be calling your name.
2. Phoenix, Arizona
Why are people moving to Phoenix? – Its close proximity to major cities many are fleeing from in California, Washington, and Oregon, have fueled the growth of Phoenix. Couple that with its amazing weather, affordability, great freeway systems, plenty of room for growth, entertainment options & sports, culture, its beauty, and employment opportunities, you will start to see why folks are relocating there.
1. Austin, Texas
Why are people moving to Austin? – Texas is known for being a business-friendly state. Just take a look at the actions of Oracle, Tesla, and Apple. Some are even going as far to call it, Silicon Valley 2.0. Austin is also known as the music capital of the world, being the host of SXSW each year. There is so much to love about Austin, including its amazing: restaurants, dive bars, food trucks, lakes, rivers, hiking, scenery, housing variety including high rise condos in Downtown Austin, fantastic university: University of Texas, and lots of business opportunities, but it is also important to know it is not known for its affordability: homes close to downtown go for over 30% list price, and the cash competition is fierce.
Considering a move to Texas? – Check out this blog post and video: https://search.byjoandco.com/blog/where-to-live-in-texas-video/.
What to know about the Texas real estate market right now..
Any “move-in ready” and near perfect home is going to go under contract the first weekend it hits the market. Inventory is higher than 2020, but demand is out pacing that inventory growth.
- Inventory is extremely low for the demand, but sales are up from the last two years.
- The good homes go under contract within 3-6 days. Especially if they are under $750k.
- You can expect multiple offers, especially if the home is remodeled.
- Homes under $500k are known to sell for $10k – $25k over asking price, and they sell the fastest. Sometimes $500k-$650k are fast sellers.
- If you are financing your home purchase, offers with 20% or greater, with no contingencies including an appraisal waiver, a shorter (limited) option period, and a quick close are your only leg up when winning compared to a cash offer.
- The prices are highly desirable homes are up anywhere from 10-15%, depending on location and square footage, compared to last year.
- You will be paying an ultimate premium to purchase a home with a pool.
- Working with a local lender and experienced real estate agent is key!
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Hugs, Jo.
Thoughtfully written for you by Jordan and the Jo & Co. Team.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
Links to check out..
➟ Our YouTube Channel :: http://byjoandco.com/youtube
➟ How do property taxes work in Texas? :: http://byjoandco.com/propertytaxesintexas
➟ Things to do in The Woodlands :: http://byjoandco.com/inthewoodlands
➟ Safest Neighborhoods in Houston :: http://byjoandco.com/safesthouston
➟ Best Neighborhoods in Houston :: http://byjoandco.com/bestneighborhoods
➟ Houston Texas Where to Live :: http://byjoandco.com/houstontexaswheretolive
➟ First Time Texas Home Buyer :: http://byjoandco.com/firsttimetexasbuyer
What next?!
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
• Download our Where to Live in Houston Texas ebook! http://byjoandco.com/wheretoliveebook.
• Schedule a phone call or appointment with us! http://byjoandco.com/appointment.
• Email us! [email protected].
• Looking for a buyer’s agent? Fill out our buyer questionnaire! http://byjoandco.com/q.
• Ready to find your dream home? Search, http://search.byjoandco.com.
• Subscribe to our YouTube Channel: http://byjoandco.com/youtube.
Visit the Jo & Co. YouTube Channel
At Jo & Co. we know that most people struggle with the home buying or selling experience. We are a brokerage, real people, that do more for you, by being with you every step of the way, so that you plant your roots in the right soil. One way that we go above and beyond is with the content we share on YouTube. Click the photo below to explore our channel.
