People Are Moving to Texas

     

    According to an article from CNN Money, “It take two things to draw people inland in big numbers: jobs and housing affordability,” said Nela Richardson, chief economist for the real estate broker Redfin.

    Texas and other heartland states have two advantages that translate into affordable housing: Plenty of cheap land around cities and easy regulations that enable developers to build quickly.

    Nine of the top 10 fastest growing U.S. metro areas last year were ones where homes were more affordable than the U.S. average, according to Redfin. Many were in Texas, Oklahoma, Utah and other heartland states.

    Five Texas cities — Austin, Houston, San Antonio, Dallas and Fort Worth — were among the top 20 fastest growing large metro areas.

    Some smaller Texas metro areas grew even faster.

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