STATES WHERE PEOPLE ARE MORE LIKELY TO SETTLE DOWN and WHAT IT COULD MEAN FOR YOUR REAL ESTATE BUSINESS
If you’re one who wants to move to a new place and grow your roots, Texas could just be the state for you!
Texas was ranked the second most populous state in the country by the 2018 U.S. Census, and the state has also seen a large influx of people moving to the Lone Star state. This year seems like it’s no different than the last.
With 28.7 million people recorded in the state in 2018, Texas saw a 1.3 percent increase in population between 2017 and 2018. And that growth could be attributed to the large populations of people moving to Texas from around the country.
According to the LendingTree analysis, Texas had the highest percentage of residents, at 93.9% in 2019 that were looking to move within state lines. It also is the top destination for people moving to a new state.
In a study done by Esri, a mapping and data analytics company, most of Texas's newest residents came from California and Florida during that time period, according to IRS tax filings from 2015 to 2016. More than 62,000 people came from California and more than 35,000 people came from Florida during that time period. It has now grown by 32% this year.
Michigan, with its affordable home prices, has residents who want to stay put as well; the state had the second highest percentage of residents (at 92.1%) who looked to remain within its borders. Despite the state's mixed economic picture, residents show a high desire to stay.
LendingTree’s study reveals the top seven states residents are looking to stay:
Texas also had the most numeric growth of any state, gaining almost 380,000 new residents between 2017 and 2018. The state grew from having more births and deaths as well as having the greatest number of movers from within and outside the country, according to the U.S. Census.
Meanwhile, Alaska has the most outgoing residents, with the most choosing Texas as their top relocating destination, the study finds. Although Texas and Alaska have very different climates and ways of life, both have large oil and gas industries that make it easier for workers to transfer their skills from one job market to the other, LendingTree notes and as reported by Realtor Magazine.
Surprisingly, Hawaiians are also highly likely to leave. The high housing and living costs may be the reason so many residents transition from Hawaii to Nevada lately, researchers posit.
Overall, most out-of-state movers don’t tend to move very far. More than half of the most popular destination states border the current state that the person resides in. But if they are looking to venture farther than a neighboring state, Florida was among the most popular destination spot, the LendingTree found.
Now, as a broker or real estate agent what would these numbers mean to you if you were living in the 7 states mentioned above? Especially with the coming holidays just around the corner?
It will definitely be more business for you, yes! But it would also mean: more time in the office handling paperwork, more time on the phone, more time creating and curating content for your social media and email marketing and less time for family and friends.
However, that doesn’t have to be the case.
Allow yourself to breathe from the chaos and accept some help. Delegate the tedious paper pushing tasks to your CERTIFIED REAL ESTATE VIRTUAL ASSISTANT from SUMMIT VA SOLUTIONS.
Free yourself from your office desk and let your REAL ESTATE TRAINED, COLLEGE EDUCATED, BACKGROUND CHECKED, and DISC tested SUMMIT VIRTUAL ASSISTANT aid you in running your business, especially with the upcoming holidays.
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About the writer: Shaura Cuyan writes about all the hottest Real Estate trends and predictions for Summit VA Solutions! She has previously written for a number of freelancing gigs and writes her own blog on lifestyle and current issues. She is a Graduate of Bachelor of Arts in Communication, taking up her Masters in Development Communication.