The Urban Land Institute and PwC have released their annual list of real estate markets to watch as part of the larger Emerging Trends in Real Estate Report for 2019. All four major markets in Texas made the list with three falling in the top 20. Dallas-Fort Worth took the No. 1 spot this year and Austin followed closely behind at No. 6. San Antonio came in at No. 20. Though, not in the top 20, Houston climbed the ranks significantly this year finishing at No. 37 up from No. 60 just last year.

The report cites factors such as higher-than-average population growth rate, in-migration, percentage of younger residents, labor force participation rates, gross metropolitan product per capita and business startup activity for boosting the real estate outlook.

The report is based on survey responses from more than 1,630 individuals, as well as 750 interviews conducted by ULI and PwC. Take a look at the complete report here.