Each Friday, Russ Anderson, the president and CEO of Briggs Freeman Sotheby’s International Realty and the president of Pacific Sotheby's International Realty writes about luxury, trends, business and more in the advertising pages of the Mansion section of The Wall Street Journal. Below is his letter of November 8, 2024.
FROM THE PRESIDENT'S P.O.V.
California and Texas have a rather unique relationship.
Did you know that each is now the state where more of the other state’s residents move to than any other? In 2022 alone, per the United States Census Bureau, more than 100,000 people moved from California to Texas and more than 40,000 moved from Texas to California.
Yes, the California-Texas friendship is a beautiful thing. They are also the only two states with a population of more than 30 million — about 31 million for Texas and about 39 million for California. Together, they are home to one in five Americans.
Because of that, they have the two largest economies in the entire United States — $2.6 trillion for Texas and $3.9 trillion for California.
Both have a lot of sunshine. Of the five sunniest states, Texas is fourth and California is fifth. (Send me a note with your guess for the other three.)
And, Texas and California tie for having the friendliest people on the planet. That’s my own scientific research, backed up by my frequent-flier account.
So, if you’ve toyed with moving to one, or having a second home in one, I have news: Thanks to the incomparable Sotheby’s International Realty network, your real estate advisor in one state can connect you to an equally exceptional advisor in the other. (That goes for any state — or any country in the world.) There are 109 affiliate offices across California and 28 across Texas. That is a lot of valuable expertise and unique properties, all for you. Come see them at sothebysrealty.com.
I know of some BFFs who would love to meet you.
Russ Anderson
President and CEO, Briggs Freeman Sotheby’s International Realty
President, Pacific Sotheby’s International Realty
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