Why Congressional Redistricting Battles Could Generate Long-Term Impacts For Local Housing Markets
Summary
Redistricting in Texas and California, aimed at influencing political representation, may impact local housing markets. Hosts should be cautious when investing in areas undergoing redistricting and pay close attention to school boundaries, community resources, taxes, and zoning changes.
Key Insights
- •The number of residents assigned to a new congressional district due to these changes in Texas and California alone will number 20 million, or 6% of the nation’s population.
- •Redistricted areas are expected to attract ongoing federal and state investment, making them solid places to invest in real estate, particularly in suburban and exurban markets around Austin, Dallas-Fort Worth, and San Antonio.
Action Items
- ✓Pay specific attention to school boundaries, community resources, taxes, and zoning changes in areas undergoing redistricting.Effort: lowImpact: medium
- ✓Wait until the dust settles before making major investment decisions related to redistricting.Effort: lowImpact: medium
Common Mistakes
- ⚠Trying to get ahead of the game and buy based on speculation is a risky move.
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