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Investing in South Texas Real Estate Business Articles | July 28 Mat Latos Jersey , 2008
Unlike other areas of the country that have experienced such a population growth, south Texas real estate has not seen the median price of their residential homes skyrocket in proportion to that growth.? This raise in median home prices was seen in California, Florida, and other areas of job growth but has not been seen in areas of Texas.? This means that real estate is very affordable and ripe for investment dollars.


If there is any positive aspect to the foreclosure crisis that has gripped the U.S. in the past few years, it is that anyone interested in investing in real estate should be able to find appropriate properties at bargain basement prices.? Homes can be purchased from banks at far less than their actual value Luke Appling Jersey , and business properties are also as affordable.? And a very good reason to consider investing in south Texas real estate is because this area is one of the few in the country that is expecting steady population growth over the next several years.


Affordable Residential Real Estate


Unlike other areas of the country that have experienced such a population growth, south Texas real estate has not seen the median price of their residential homes skyrocket in proportion to that growth.? This raise in median home prices was seen in California, Florida, and other areas of job growth but has not been seen in areas of Texas.? This means that real estate is very affordable and ripe for investment dollars.


Qualified Buyers


In some areas of the country, there are affordable homes and jobs but this doesn't mean that those jobs are paying enough for people to buy those homes.? When it comes to south Texas real estate Luis Aparicio Jersey , this just isn't the case.? According to the Texas Housing Affordability Index, a Texas family earning the statewide median income has 152% of the income required to qualify for financing on the median-priced home. Nationally, families have about 16% more than what is required.? Nationally a median home value is 3.62 times the median household income, but in Texas, the median value is only 2.52.? This means that not only is there affordable housing in south Texas real estate but plenty of customers that can easily afford those homes as well.