Texas is the second largest state in America. What you may not know, however, is the cities of Texas are experiencing some of the largest growth in America primarily due to the following reasons:
- safe communities
- affordable home prices
- secure employment
These are just a few of the reasons to consider purchasing a home in the Lone Star State. Read below to learn more about why Texas is a great place to buy real estate.
1. Texas Cities Are A Safe Bet
Crime is a reasonable worry for any home buyer who wants to ensure their potential investment is a safe bet. Overall, Texas’ crime rate is dropping rapidly when compared to the national rates; this drop mainly consists of property crime drops as well as violent crimes. Additionally, according to RedBeacon.com, homes in Austin sell within a median of 77 days, while those in Fort Worth sell within a median of 79 days. These cities are also seeing a drop in inventory levels, which drives home prices upward. Things are also looking bright on the foreclosure front. According to RealtyTrac, one in every 810 homes are foreclosed upon on a national level. On a state level, Texas only has 1 in 1,400 homes that have received a foreclosure filing.
2. Texas Is A Forbes Favorite
Whether it’s the Forbes “Best Places to Live List” or “America’s Coolest Cities to Live List” or even “America’s Hippest Hipster Neighborhood List,” cities in Texas are nearly without fail mentioned on Forbes “Best of” lists. Being named on these Forbes lists holds more weight than one may think. The rankings are based on carefully researched statistics and stats – rather than the opinions of the writer. Texas cities being a Forbes favorite isn’t a new trend, even throughout the worst bouts of the economic crisis and after the pop of the real estate bubble, Texas cities thrived and consistently topped these lists. It’s only natural that as real estate improves, Forbes continues to provide its nod to Texas cities.
3. Affordable Homes
With a median income of just over $50,000 and home values hovering near $125,000. Even though homes are currently rising in value, Texas still has some of the most affordable home inventory in the country. This is especially true in tech towns such as Austin which now houses many tech start-ups and was once called the next Silicon Valley. Needless to say, now is a great time to take advantage of the affordability in Texas – especially if you are invovled in the tech industry.
There’s no better time than now to buy a home in Texas. The Lone Star State offers many safe neighborhoods with quality homes at affordable prices. With an unemployment rate that sits below the national average, steadily decreasing crime rates and many cities that are considered the best places to live by Forbes, you can make your home purchase with confidence.
Jon Clark is the current editor of the California Apartments Blog where he regularly blogs on home buying advice and provides tips on green living. When not blogging or restoring his vintage home, Jon can be found surfing and spending time with his family.