9 Reasons to Invest In Texas

9 Reasons to Invest In Texas

Let us count the reasons:
(1) Texas is leading the United States in the current economic recovery, (2) Texas’ economy is big and growing, (3) Texas’ economy is profitable, (4) Texas has a growing population, (5) Texas’ economy is an international economy, (6) the tax burden is less in Texas, (7) Texas has an affordable housing sector, (8) Texans have entrepreneurial spirit, and (9) Texans are mobile.

Part 2
Texas’ Economy is Big and Getting Bigger

With a gross domestic product (GDP) of more than $1.2 trillion, Texas’ economy was the 14th largest in the world in 2010.  It was the second largest economy in the nation in 2010, larger than New York’s. The state’s GDP accounted for 8.3 percent of U.S. GDP compared with 13.1 percent for California and 8 percent for New York.

A growing economy offers more job opportunities and attracts more population, leading to further growth in the regional economy. By offering more investment opportunities, a growing economy can further promote growth and development.

Revenues generated by a growing economy enable local and state government to impose lower taxes.  Texas’ share of U.S. GDP increased from 7.3 percent in 1997 to 8.3 percent in 2010. The state’s share of total personal income (wages, salaries, interest and dividend incomes) generated in the U.S. increased from 6.7 percent to 7.9 percent during that period.

Higher output growth rates mean more jobs. Texas’ share of the nation’s nonfarm employment increased from 7 percent in August 1997 to 8.1 percent in August 2009. ]

Part 3
Texas’ Economy is Profitable

An economy’s profitability on a macro level can be measured in terms of a macro profit margin.  Private sector GDP consists of compensation of employees, taxes and subsidies, and gross operating surplus (profits). The percentage of private sector GDP accounted for by gross operating surplus is an important indicator of profitability of an economy.

In 2009, gross operating surplus in Texas accounted for 40 percent of the state’s private sector GDP compared with a national average of 37.5 percent (Table 7). This means Texas businesses are more profitable.

If you are considering selling or purchasing a home you should always use the services of a full-time, professional Realtor. Your real estate professionals will be able to answer many of your questions about an area and guide you to additional resources that will assist you in your decision making process. I would love to be your Realtor, give me a call at 713-822-8555 or email anytime Pamela@SellingHomesInHouston.com.

Pamela Efferson, Broker Associate
ASR, CSR, GRI, HRC, SRES
Member HAR, NAR, TAR, WCR

2009 Featured REALTOR in Real Estate Executive Magazine
2010 Houston Association of Realtors Top Producer
2010 Better Homes and Gardens Real Estate Masters Award Winner
2011 FIVE STAR™ Real Estate Agent Texas Monthly Magazine

Better Homes & Garden Real Estate Anderson Properties
Phone: (713) 822-8555
Pamela@SellingHomesInHouston.com

Blog: https://blogs.har.com/Efferson
Web: https://www.SellingHomesInHouston.com

A Reprint from Tierra Grande; Originally published  By Ali Anari and Mark G. Dotzour