Here’s the main reason Toyota is moving from California to Texas

Toyota Logo“The main driver of Toyota’s move from Torrance, California, was housing costs, according to Albert Niemi Jr., dean of the Cox School of Business at Southern Methodist University, who has inside knowledge about the move.”

My wife and I watch “Million Dollar Listing Los Angeles” on a regular basis.  This is likely very true.

If you haven’t watched it, you should take a look.  It is very entertaining.   

See the entire article at the Dallas Business Journal.

DBJ: The fastest-growing ZIP codes in North Texas

Dallas is thpage_rac_conferencee third fastest-growing city in the United States, according to Forbes list of America’s 20 Fastest-Growing Cities 2015.

Residents are moving in but they are also moving to the north of the Metroplex. Collin County holds 36 percent of new citizens in the ranking ZIP codes, followed by Denton County with 28 percent of the ZIPs, 20 percent in Tarrant County, 12 percent in Dallas County and only 4 percent of the new denizens reside in Rockwall County.

Using data from geographic information systems provider Esri’s updated estimates, forecasted variables and U.S. Census data for all ZIP codes, I examined the North Texas areas zipping to the front of population growth in the region.

Take a look, to see the growth rates and projections for various ZIPS.

The way we live, city by city.

the way we live

This chart is based on data from the 2014 American Community Survey concerning the characteristics of occupied housing.

It offers a very interesting look at the preferred housing in the largest cities across the United States.

To see more cities and how your area compares, go to the article in the Washington Post.

Texas home sales and prices up about 7%


gallery_03REAL ESTATE CENTER:  Latest Multiple Listing Service (MLS) data show Texas home sales had a 7% year-over-year increase last month while the median price was up 7.4%.
According to August 2015 Texas MLS data, 29,685 homes were sold last month, almost 1,900 more than a year ago but about 1,500 fewer than in July.
The median price was $203,300 compared with $189,300 a year ago and $204,700 in July.

North Texas median home prices soar above $200,000.

In my 32 years in real estate, I have never seen a “seller’s market” like the one today in North Texas. The North Texas economy and corporate relocations are driving this market to prices we have never seen before. REALTORS are seeing multiple offers over list price in many segments of the market. Great for sellers, but a true nightmare for buyers and appraisers.

See the Dallas Morning News Real Estate Editor, Steve Brown’s article for more details.
NT Home Prices 4-2015


The Texas Population in 35 Years

Texas Polulation Growth Map

Collin County projected to grow 386% over the next 35 years, with the addition of more than 3 million residents and growing its population from 782,341 to 3.8 million.

Go to the Dallas Business Journal to see the entire article.

Click the Google map and see the population projections county by county.

If the projections are accurate or even close, some areas of Texas will be a little crowded in 2050.