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Abundant Desirable Vacant Land in Texas

Posted in: Property Types
By Sage Premium Texas Real Estate
Jun 10, 2016 - 7:41:59 PM

View Gillespie County land & lots for Sale by Price - Click Below

Under $50k
$50k - $100k
$100k - $200k
$200k - $300k
$300k - $500k
$500k +

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There is an advantage to concentrating population centers in major cities. It leaves large amounts of vacant land in Texas. These huge amounts of undeveloped land have contributed to a stable housing market in the Lone Star State. According to the Real Estate Center at Texas A&M University, "Texas' housing market is more flexible than California's, New York's, and the nation's as a whole."

Substantial available Texas property and the facile acquisition process are contributing factors. The extraordinary flexibility required to meet the demands of growing communities has benefited homebuyers and builders. In Tierra Grande Magazine (April 2016), Ali Anari explains the benefits of construction flexibility.  He also fitted into the historical context.

Flexibility Benefits Housing Markets

It's almost easier to understand non-flexibility. Take a look at Silicon Valley California. The employer-rich community is limited by the Santa Cruz Mountains on two sides and the San Francisco Bay on another.  People want to live close to where they work. But the communities are built out.  There is little vacant land. This has caused extreme bidding wars for small old homes, drastically increasing housing prices.

In contrast, as the Texas population grows, every region has been able to expand.  New homes are feeding the demand.  Builders continue to be busy.  Anari reports, "Since 1994 the share of new housing units in Texas has exceeded the corresponding share for the nation."  In addition, since the post-Great Recession recovery, Texas outpaced both California and New York in percentage of new units per 1000 residents.

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Texas home prices and value, consequently, weathered the Great Recession. Home prices have continued gently increasing over the long term. This is partially due to inflation. In general, builders have been able to supply more homes and avoid drastic price increases experienced by the other prominent states.

Historic Cycles - Texas versus USA

Housing starts are one economic indicator. In his article "On the Rise Again," Ali Anari also compared housing starts in Texas and the United States between 1970 and 2015. His research reveals for impacts:
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  1. Housing starts proceeded in cycles of expansion and contraction.
  2. No two housing starts cycles were equal.
  3. There were five cycles in the 45-year span.
  4. Texas rarely followed the cycle of the nation.

Sage – Premium Texas Real Estate Agents

For information about investment land in Texas Hill Country, feel free to contact us at SAGE - Premium Texas Real Estate, Chase Bank Building, Fredericksburg, TX.  We assist with relocation, and residential and commercial Fredericksburg TX real estate.  Please call Dale E. Cook, MBA, and Broker/Owner at 830-992-0056 for assistance.


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Dale E. Cook, MBA, Broker/Owner

Sage - Premium Texas Real Estate
Chase Bank Building
150 E. Main St., Suite 303
Fredericksburg, TX 78624

830-997-1035 office
830-992-0056 cell

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