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Texas has long been a popular destination for newcomers, thanks to cheaper land and housing, more job opportunities, lower taxes, and fewer regulations. There’s also the great weather, food, schools, and medical facilities, the abundant resources and year-round recreation and outdoor activities, artistic and cultural events, fairs, festivals, music venues, and the diverse and friendly people — you know, just to name a few.
Texas has always been a business-friendly environment, which has certainly not been lost on tech and financial companies headquartered in strictly-regulated and high-priced states like California and New York. There are 237 corporate relocation and expansion projects in the works in Texas just since the pandemic hit.
Tech giant Oracle moved its headquarters to Austin in late 2020; Tesla is building its new Gigafactory there, and Apple will have its second-largest campus there as well. Both Google and Facebook have satellite offices in Austin, and the file hosting services company Dropbox will be leaving San Francisco for Austin. Recently, the global real estate services firm CBRE and multinational financial services behemoth Charles Schwab moved their headquarters from California to the Dallas area. Hewlett Packard’s cofounders were two of the original grandfathers of Silicon Valley, who started their company in a Palo Alto garage in 1939. Now, the corporation is moving its headquarters from San Jose to Houston.
And the number of mega-wealthy individuals who’ve moved to Texas are too numerous to mention. It’s not just big cities like Dallas, Houston, Austin, and San Antonio that are seeing an influx of people — bedroom communities are growing by leaps and bounds as well.
There’s one important caveat to the news of how well business is doing in the Lone Star State — it’s the coming brawl over political representation. According to the 2020 census, while Texas has gained more residents than any other state since 2010, 95% of its explosive growth has been driven by people of color. The state’s Hispanic population is now almost as large as its non-Hispanic white population. Since 2010, for every white resident gained, Texas gained nearly 11 Hispanics. That collective growth has earned Texas two additional congressional seats, which is ratcheting up efforts by Republicans — who have long controlled every level of power in the state.
(AP News, CNBC, Forbes, NYT, Texas Tribune)
Saturday, August 21, 8PM
Austin FC vs Portland Timbers Q2 Stadium
Cheer on the Austin FC as they take on the Portland Timbers! This is a home game, so be sure to show our support at the new Q2 Stadium! Tickets start at $90. Buy your tickets here!
Vino Vinyasa at the Fairmont
Saturday, August 21, 6PM
Austin Vino Vinyasa classes bring together yoga and fun wine facts through creative yoga poses. Each class ends with a comparative wine tasting, inviting you to mindfully taste what’s in your glass while applying what you learned through the poses. Must be 21+ to attend. Tickets are $30. Purchase your ticket here.
Museum of Ice Cream Austin
Friday, August 20 – Sunday, August 22, Times Vary
The Museum of Ice Cream is officially open in Austin! Experience brand new exhibits, treats, and takes on their 3 most famous experiences: the Sprinkle Pool, Banana Forest, and Rainbow Tunnel! Limited tickets are on sale now starting at $39. Reserve yours here.
5408 Alonso Drive | Sweetwater
Greenbelt | Multiple Offers | $800,000
1012 Coventry | Windemere Oaks
On Lake Travis in Spicewood
216 W. Overlook Mountain | Elliot Ranch
2.24 Acres | 3602 Sq Ft | $1,199,999
800 Embassy Drive #312 | Tyndall
1 bed, Study | 865 Sq Ft | $455,000
2107 Kippling Drive | Old Town
Multiple Offers | Buyer Representation
4130 Mather Drive | Plum Creek
Multiple Offers | Buyer Representation
0000 | Hunters Pass
Flat, Cleared Lot | Apache Shores
2300 Sandra Lane
2.43 acres | Workshop | $750,000
300 Bowie #3801 | Spring Tower
Offered at $1,500,000
419 Ringtail | Serene Hills
New Construction | Buyer Representation
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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.