The Coastal Bend, from the construction of Schlitterbahn on North Padre Island and all that it will bring to the area, to Port Aransas’ construction business upsurge, builders so busy they can’t see straight.
The housing market is hopping on the Third Coast. From the current boom in oil and gas activity in the Eagle Ford Shale region to home values on the rise and sellers receiving multiple offers on their homes. No one can say there is a dull moment in real estate or mortgage lending businesses in the Coastal Bend right now.
“The upcoming summer selling season is on pace to be one of the most competitive housing markets Texas has ever seen. Both homebuyers and sellers should be prepared for multiple offers on a home at or above listing price, which will also add to the steady increase in home prices. First-time homebuyers should consider taking a homebuyer education course to gain a competitive edge in the market and to make the dream of homeownership more attainable,” said Chairman Hatfield of the Texas Association of Realtors commenting on the current market conditions.
If you are looking to get your own little piece of the Coastal Bend and all it has to offer, don’t wait! Skyrocketing home prices can cause many buyers who once qualified for mortgage financing in this area to lose the ability to buy all together. Now is the time to buy.