With Hewlett Packard — the tech giant that effectively started Silicon Valley — moving to Houston, and the Rose Bowl swapping Pasadena for Arlington, Texas, in 2021, there’s more than a population migration going on: This is a full cultural shift — and the steady influx of people moving from California to Texas shows no signs of slowing. So what’s behind this ongoing trend, and what will it mean for Texas real estate? We take a look at some of the key drivers behind the [...]

Beyond the barbs about their weakness for avocado toast millennials have arguably endured more hardship than many. The generation born between 1981 and 1996 is now aged 25 to 40, and this demographic has already been treated to a housing bubble, a big rise in student debt and now a pandemic. With this last obstacle to overcome, it seems millennials have decided that enough is enough and it’s time to secure a stronger financial foothold. In 2021, we’re already seeing a surge in [...]

The 2020 pandemic might have upended the notion of the traditional workplace and redefined the home, but it hasn’t stifled a thriving luxury real estate market. Savvy buyers are poised to capitalize, cheered by interest rates that dropped as low as 2.86 percent in November 2020 and GDP predicted to rise by 4.2 percent in 2021. Having celebrated a 60-year record in total transaction volume in 2020, we can share the Sotheby’s International Realty Luxury Outlook for 2021 with much [...]