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Frisco Homes for Sale Enjoying Favorable Market Due to Job Growth

Population wise, Texas is the second largest state in the country. Recent developments are proving, however, that it may soon displace California from the top spot.

The Lone Star State welcomed more than 177,000 domestic and international newcomers in recent times, the largest growth recorded among the 15 fastest growing states. Overall, its population of over 26 million is still far from California's 38 million; but the latter had one of the slowest growth rates in 2013, due in no small part to over 49,000 domestic emigrations.

CNN correspondent Les Christy reports that, according to real estate brokers, two factors are fueling Texas' population boom: the availability of jobs and affordable housing.

Badly mauled by the recession in 2008, Texas' job market recovered in three years by adding more than 200,000 jobs, according to state comptroller Susan Combs. By July 2014, the number of jobs added nearly reached 900,000. The state’s job growth rate of 8.4 percent comes second only to North Dakota’s 21.2 percent.

Petroleum fuels the job market in Texas. Accounting for roughly a fifth of the country's oil and gas refineries and less than a third of national oil reserves, the state requires a steady stream of fresh hands in the energy industry. Economists say that job generation originating from the energy industry is spilling over to other sectors, such as construction.

The Dallas-Fort Worth area may not be chock full of oil, but it serves as the base for financers of petroleum-related operations in the state. Despite being far from oil derricks, newcomers will find a lot of jobs in the metropolises, and all these new hands will be looking for a place to stay.

With the major metropolitan areas grossly saturated, population and building wise, homebuyers have a better chance of finding real estate in outlying cities like Plano and Frisco. Both cities are just half an hour away from the heart of Dallas. As it also costs less to live in these outskirts, buyers can afford more premium Frisco homes for sale.

Finding your future abode is made simpler by online listings like NuHomeSource Realty. The Multiple Listing Service® enables realtors to share information on current properties for sale, to the benefit of both buyers and agents. The buyer is provided more options, while the properties realtors are marketing are given wider exposure.

Given all the favorable conditions, now is a good time to move to Texas. Start looking for your dream home by consulting these listings for quality Plano homes for sale.

(Source: Why everybody is moving to Texas, CNN Money, September 29, 2014)

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