If you ever wanted to live where everybody else wants to live, you’ve arrived. Texas gained more people than any other state between July 1, 2008, and July 1, 2009,adding about 478,000 people which is the equivalent of adding the city of Omaha, Nebraska to the Texas population (not to mention all the cars!).
Texas also has four of the top ten fastest growing cities in the US: Round Rock (2), McKinney (5), Ft. Worth (9) and Killeen (10). Denton County is one of the 100 fastest growing counties in the US.
How does this translate? It means that there is a continuing demnd for housing whether it is owner-occupied property or rental units. All these newcomers have to live somewhere. Although we might have what could be characterized as a “soft” market, there are buyers in the marketplace, great interest rates, and good prices for well-maintained properties.
Happy New Year from the folks at SunWest, REALTORS.