Texas is the land of opportunity, according to a new report from Forbes on America’s next boomtowns. Forbes analyzed the 53 largest metro areas in the country to determine which have the best chance of prospering in the next decade, and four of the 10 are in Texas.
“The most vital parts of urban America can be encapsulated largely in one five-letter word: Texas,” says Forbes, declaring Austin No. 1, Houston No. 6, Dallas-Fort Worth No. 7, and San Antonio No. 8 on the list.
“Austin, Houston, Dallas-Fort Worth, and San Antonio are very different places, but they all have enjoyed double-digit job growth from 2010 through 2014, well above the national average of 8.1 percent,” Forbes says. These Lone Star hubs also have experienced huge increases in populations of young, educated millennials and households with children. The metros have also seen hikes in income growth.
Dallas-Fort Worth experienced 15 percent job growth from 2010-2015 and an 8.2 percent population increase from 2010 to 2014. And, 33 percent of the population ages 25-44 has at least a bachelor’s degree.
The rankings come from financial technology company SmartAsset, which looked at four economic factors in the country’s 575 largest cities. Rankings are based equally on the cities’ GPD growth rate, unemployment rate, net migration and housing growth.
Richardson comes in at No. 2, behind Loveland, Colo. McKinney finishes a close third. Frisco ranks No. 7. The Texas cities of Austin and Odessa rank sixth and eighth, respectively. Rounding out the Top 10 are Bend, Oregon; Bismarck, N.D.; Cape Coral, Fla.; and Westminster, Colo.
Ebby Halliday Realtors has long had a strong presence in Richardson, McKinney and Frisco, as well as across the entire North Texas region. For all of your residential real estate needs in North Texas and beyond, visit the award-winning ebby.com.
Fantastic news today for the North Texas economy: residential real estate sales at the Ebby Halliday Companies topped $6.64 billion in 2014. That’s a record in our 70-year history, and an approximately 4% increase over our record-setting sales in 2013.
“We are so grateful to our valued clients – both home buyers and sellers – who have entrusted us with one of the largest financial transactions of their lifetime,” says President & CEO Mary Frances Burleson. “Sales records of this magnitude reflect the extraordinary performance of our sales associates. We are so pleased to recognize their professional accomplishment and success – they are the reason Ebby Halliday leads the North Texas real estate market.”
The Ebby Halliday Companies participated in 19,189 transactions in 2014 and led all North Texas brokerages with 12.2% market share. The nearest competitor had 5.6% market share.
Locally owned Ebby Halliday Realtors was founded in 1945 on three principles: service to the client, service to the industry and service to the community. The company has consistently maintained a focus on service to the community. In addition to its support of many North Texas charitable organizations, the Ebby Halliday Companies belongs to 27 local chambers of commerce, actively promoting the North Texas economy both near and far.
Well, Texas is winning awards and making headlines once again. For the tenth year in a row, Texas has been named the best state in the country for business by Chief Executive magazine. The winning bid comes as a result of a survey of more than 500 American CEOs who voted based on taxes and regulatory issues, quality of workforce, public health, and cost of living.
Some of the biggest contributors to this national ranking are the powerhouse companies that are based in Texas, including ExxonMobil, AT&T, Dell, and Southwest Airlines. These companies provide strong numbers for the state’s low unemployment rate. Gov. Rick Perry announced in April 2014 that the Texas economy had added 64,100 jobs.
“Rising job numbers and falling unemployment rates continue to equal more opportunity for Texans,” Perry said in a statement. “Every job created represents someone working to build a better life for themselves and their families, whether that means being able to own a home, send a child to college, save for retirement or make other important investments in their future.”