New urbanism developments and an influx of out-of-state buyers are transforming the Texas Coast.



New urbanism is a highly successful new neighborhood development concept more typically seen in Florida and California, but now being implemented in all of the Texas coast real estate markets.

This new way of living, combined with the increasing number of second home buyers coming from all over the world, is making the Texas coast into a europeanised Texas riviera. The Texas Coast is becoming one of the most sought after destinations in the world. A beautiful and safe ocean haven for anyone looking for a relaxed life style away from it all - but with all the amenities.

The quality and affordability of the Texas oceanfront real estate is the primary reason so many people from so many places are buying second homes or moving there. And the pace of new construction, combined with a sound economy and growing population, is keeping the real estate values steadily appreciating in value.

Why is the Texas Coast so strong when the rest of the country is having a real estate crisis? 

They don't have a sub-prime mortgage problem: 
The  typical buyer is a baby boomer with solid finances, this is important, because they simply do not have the sub-prime loan problems that are behind the rest of the nation's housing woes and worries. Even in their major cities, they are avoiding issues with sub-prime mortgages because of a robust economic, job and population growth. 

They did not over-appreciate in value:
In the not so recent past, they were looked at as a mediocre slowly-appreciating real estate market that was not growing at the explosive rates the rest of the major real estate markets were. But their appreciation rate is one that is steady and maintainable, while the other markets in the headline news simply appreciated so far beyond new construction costs and income growth, that they became unaffordable. 

They have a strong and growing economic base: 
They have a growing population with increasing incomes and low unemployment; as-well as, money flowing into the economy from the results of the NAFTA trade agreement with Mexico, strong exports, proceeds related to the oil industry, and major funding for enhanced border security requirements, just to name a few.

All roads now lead to the Texas Coast: 
They have record levels of interest right now in affordable coastal areas and the numbers speak for themselves; yet, there is still some buyer hesitancy due to the news and confusion from the national housing problems. This has created a temporary situation where they have some great seller incentives on even their newest and greatest coastal properties.

Today's real estate market on the Texas Gulf Coast is the best it's ever been. 
They have real demand for their coastal properties because they are on the beautiful oceanfront and bays of the Gulf of Mexico in one of the best year round climates safely located in the United States. They also have a growing interest in the area from second homes buyers from all over the world and the housing products are improving. Take a look at their coastal areas: the cities, the existing housing and the planned developments, they look great and are in the process of looking even better. Best of all, they are affordable!