With its low property prices and ample space for development, Texas is where investors are increasingly choosing to build new homes. From San Antonio to Austin to Houston, Texas is home to a variety of areas that are booming with job growth and real estate demand, making it a great place for investment.
Here are five reasons to invest in Texas real estate:
1. Strong Economy Supports Housing Market
The state has a firm economic foundation that cultivates a healthy housing sector. The economy has strong job growth across the private sector and strong wage increases that help families save money to buy homes. Texas' gross domestic product - a measure of economic activity based on consumer and government spending, investment and net exports, reached 3.7 percent in 2013, outpacing the 1.8 percent growth for the rest of the U.S., according to the Texas Comptroller of Public Accounts. This solid economic growth is crucial to support sales in the housing market.