1. The oil/gas boom in the Eagle Ford Shale has driven the rental market around Seguin, TX to a full capacity.
2. There are a lot of people that can’t get loans, so they. . . rent.
3. Interest rates are amazing! Less than 5% interest rates are incredible and makes real estate a great place to invest your money.
There continues to be a shining light in the Lone Star State. According to information obtained from the U.S. Bureau of Labor Statistics and the Texas Real Estate Center at Texas A&M University, Texas continues to outperform the rest of the country in job growth. Texas has increased over 230,000 jobs during the last 12 months. The posted an annual employment growth rate in Texas is 2.5 percent which is 66 percent better than the Nation’s grown rate. At the same time the State’s unemployment rate dropped from 8.2 to 8.1 percent while the nation’s unemployment rate rose from 8.8 to 9.0 percent. All Texas industries except financial activities and information industries had more jobs, and all Texas metro areas had more jobs. According to the latest data compiled by the Real Estate Center just over 18,000 homes were sold last month in Texas, and the average home sales price is up 5% from the same time last year. It’s a good time to invest in Real Estate in Texas.