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Lubbock Housing Market

Just a reminder that April is the month to file your taxes. When filing your taxes don’t forget to deduct your property taxes for those who are already homeowners if you itemize deductions. The real estate market has been on a steady rise in the last few years. With Lubbock’s growing population and new businesses, the real estate market is said to continue to be steady. Houses are becoming more and more affordable especially for first time homebuyers. The population has increased to just under 300,000 people and the economy has added many new shopping centers and restaurants. While the local area is growing, now is an appropriate time for those first-time home buyers to get into a home at an affordable price. People in their early 20’s are buying first time homes, whereas 10 years ago, people weren’t buying their first home until their 30’s. Our agents know the area of Lubbock and can find the perfect home for the area you are wanting to be in. We can give advice on realistic selling and purchasing options. The negotiating process is one of the more difficult things to do when buying or selling a home. This step can have a significant impact on getting the best deal possible. The average sales price in the Lubbock house market is $128,000. This is considerably below the national average as well as being very affordable. Lubbock is among the top 25 affordable cities to buy a home in the state of Texas. As mentioned last month, one of the most important steps for a buyer is to be pre-qualified to insure not only the price one should be looking, but to also find out the financial details of what monies are required to be paid out of pocket. Here at Cross Roads Real Estate, we never charge a fee to come by and discuss options. Call to make an appointment and we will be happy to discuss any questions you might have. Even if you are just wanting to find a place to rent, we can discuss many options which are available along with the pros and cons of renting vs buying. One option would be to lease with option to buy.

#Lubbock #RealEstate #EconomicIndex

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