America loves what it sees in Texas. The Lone Star State’s economic boom, job growth and population surge amidst falling oil prices are a result of the state’s business-friendly environment and diverse industry base. Naturally, this success has grabbed the attention of major news networks across the U.S. As CEO of the only land investment firm focused specifically on Texas land, I have had the pleasure of personally contributing to the statewide and nationwide conversation.
In early March, I returned to FOX Business for a follow up interview with The Opening Bell host, Maria Bartiromo, to mitigate concerns over the effects of falling oil prices. In late February, Forbes.com published my contributed article explaining Houston’s impact on the U.S. economy and diversification. Finally, I sat down with David Brown of KUT’s Texas Standard radio program for an insightful chat over the “sweet spot” of oil prices for real estate. Here are key takeaways from each piece.
- In 2015, Texas is going to have a net employment growth of 250,000 jobs, that’s more than we’ve averaged in the past 10 years and that’s with oil prices dropping from $110 to $40 a barrel.
- Over the next 25 years, 20 million people will move to Texas. That is the equivalent of the entire population of Florida moving to Texas.
To view the full FOX Business interview, click here.
- Houston is currently at the forefront of an ethnic transformation. The picture that demographers give of the U.S. in 2050 is the picture of Houston today.
- Houston now draws a growing number of newcomers from dense, expensive regions – greater New York, the San Francisco Bay Area, metropolitan Boston, metro Chicago and greater Los Angeles.
To view the full Forbes article, click here.
- Texas is dominating job competition. In the past 15 years, almost one-third of all jobs created in the U.S. have happened in Texas.
- The sweet spot for price of oil in the real estate market in Houston is between $55 and $95 a barrel.
To listen to the full Texas Standard interview, click here.
As you can see, it’s still a great time to do business in Texas. I’m honored to have contributed to the on-going conversation and I look forward to many more opportunities to engage with key influencers in the media.