With the news of rising interest rates, an increased amount of homes sitting on the market, and a reduction in recorded sales prices many people are beginning to feel that there is no where to go for affordable homes or good real estate investments. I’m here to tell you that there’s hope! There are parts of the country not beset with over inflated housing prices. Places where land – the thing that ultimately drives up the cost of homes – is still very affordable. And I’m not talking about small towns either. How about Austin, San Antonio and Lubbock? (Wait a second. Aren’t all these towns in Texas?) These communities have thriving universities – Lubbock has 50,000 full-time students – vibrant arts scenes, fantastic medical care, temperate climates and good transportation infrastructure.
I was recently in Lubbock and was shocked to see what kind of home you could purchase for $350,000. Let me just say this

In Phoenix, AZ you would pay more than twice that amount for the same home. In California potentially as much as four times!

So what are you all waiting for? Are the coastal regions that great? I suspect that as families with adjustable rate mortgages start to get into the adjustable parts of their mortgages cities such as these are going to start to look extremely attractive!

New subdivision selling 1-acre lots in Lubbock for $45,000

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