The Law Offices of William T. Peckham
Contact Us For A Reduced Initial Consultation
512-487-7604 Contact Us

Texas has lowest percentage of residents leaving the state

A study from Lending Tree, the North Carolina-based lending exchange, shows that the state of Texas has the smallest percentage of residents looking to move out of state.

Lending Tree examined records of home purchases and loans from all 50 states made in the year 2016. Per their findings, a mere 7.46 percent of Texas residents who applied for a home loan were planning to leave Texas for a different state. Nationwide, Texas had the smallest percentage of residents attempting to buy a house in a different state. Texas also had the highest number of applicants seeking to move within the state compared to out of the state.

In comparison, Vermont had the largest percentage of residents seeking to leave the state, with a whopping 24 percent of borrowers applying for out-of-state home loans. It also had the lowest percentage of residents looking to move in-state.

The states with the most residents leaving include:

  1. Vermont, 24.1 %
  2. Hawaii, 23.1%
  3. Alaska, 22.5%
  4. North Dakota, 21.5%
  5. Wyoming, 21.1%

The states with the most residents staying include:

  1. Texas, 7.5%
  2. Michigan, 9.2%
  3. Florida, 9.5%
  4. Ohio, 9.7%
  5. Oklahoma, 9.4%

One major reason for the influx of new residents and the retention rate of current residents could be the attraction of Texas’s cities for job-seekers. Another is the enduring pride and loyalty that Texans feel for the Lone Star State. Either way, if you are a Texan in the process of buying or selling real estate, you can contact the attorneys at The Law Offices of William T. Peckham to represent you in your real estate dealings.

No Comments

Leave a comment
Comment Information
Email us for a response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

William T. Peckham
1104 Nueces Street, Suite 104
Austin, TX 78701
Phone: 512-487-7604
Fax: 512-478-1790
Map and Directions