East Texas is looking like one of the best areas to invest in commercial property. While other states and cities nationwide have seen a decline in affordable mortgages, and an increase in foreclosures, places such as Austin and Tyler, Texas and neighboring cities have continued to see a steady increase in sales.
East Texas Commercial Real Estate is attractive to many investors and families due to the beautiful weather all year round, the friendly communities, the vast array of amenities at close reach, and the lack of state income tax and low business taxes. The real estate market in East Texas has remained on a pretty even keel for prices while other cities around the country are trying to deal with losing money or buying too high.
As more people are finding their way to the warm climate of East Texas, new buildings and homes are being erected creating the opportunity for new jobs. There are also new shopping malls being built, and high end stores that are a great opportunity for an investor looking for a prime location. Due to the cost of living being so affordable, more and more people are looking to start new businesses, and purchase a home for their families. This makes it the ideal market for those house flippers as well as commercial investors. With properties not staying on the market too long, investors know they will not have to wait long to sell the property and make some money.