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‘A more relaxed mode of living’: Texas buyers head to the hills to escape pandemic Steve Brown, The Dallas Morning News
The rush to rural properties that began during the pandemic gained steam in the early months of 2021.
Texas rural land purchases hit a record $1.69 billion last year as buyers headed to the hills to escape COVID-19.
In the first three months of this year, the buying binge in the boonies continued with record purchases, according to the Texas Real Estate Research Center at Texas A&M University.
“In the aftermath of the COVID-induced economic lockdown, 2021 Texas rural land markets have exploded in a burst of activity,” Real Estate Research Center economist Charles Gilliland said in his new report. “First quarter 2021 sales of large acreage rural properties grew more than 50% in West Texas and 37% statewide compared with 2020.