Aug 202014
 

The fastest growing US cities now are in the middle of the country in states like TX. This is a big change from last decade. The reason is simple – more affordable housing. Before the financial crisis, easy credit allowed folks with even modest means to buy expensive homes. Those homes on the coasts are now out of reach.

The census bureau reports that of people moving more than 500 miles, 18% now say they were chiefly motivated by housing. This is up from 8% before the financial crisis.

Redfin reports that 6 TX cities rank among the 10 most affordable, including San Antonio, Ft. Worth, Dallas, and Houston. Notice that Austin is not on the list as its housing costs have risen faster than the rest of the state.

For more information, please contact me at (512) 261-1542 or steve@LoneStarLending.com.

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