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Market News and Trends

Still flocking to Texas …


For the sixth consecutive year, Allied Van Lines reports that Texas enjoyed the highest level of net in-migration in the United States.  Especially in Austin, there are a lot of folks who view this as a mixed blessing — the growth, employment, and housing demand that comes with it are great, but it is more and more difficult to preserve the less metropolitan atmosphere that makes Austin  Austin. 

That said, “it is what it is,” as they say, so I went to Allied Van Line’s source data and found the strength of Texas’ attraction even more impressive than the report sounded.  Here’s a look at inbound and outbound shipments by state:

Allied Van Lines 2010 Shipments By State

California and Florida both showed larger numbers of shipments than Texas, both inbound and outbound.  Florida even enjoyed a net positive.  But looking at the data another way, there is no mistaking the most significant beneficiary of this continuing trend:

Allied Van Lines 2010 Net Inbound Shipments

26 states show net-positive shipments on that chart.  24 were negative.  On the plus-side, the contrast between Texas and Florida compared with the other growing states is pretty incredible.  At the other end of that chart, Illinois, New York, Virginia, and Pennsylvania lost relos much more dramatically than the others.  The article linked at the beginning of this post mentions Colorado as a “magnet state,” but I don’t see that in this data.  For now, I’ll just assume that was a typo.

Again, this is the sixth year in a row that Texas has led in this report.  I’ll be watching for the same kind of information reported by city and as in the past I expect to see Austin high on the list.  This is one of the reasons that Austin and Central Texas has weathered the economic storm so much better than many other places.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

Discussion

2 thoughts on “Still flocking to Texas …

  1. This graph is suitable for knowing about Texas report. I enjoyed reading this posting. I am really thankful to you for providing this unique information. Thanks a lot…

    Posted by Austin Real Estate | January 5, 2011, 1:16 PM

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  1. Pingback: Austin/Central Texas — building permits and market outlook « Bill Morris' Austin Real Estate Blog - February 11, 2011

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