I actually grew up in Canyon Lake Hills which is right in between those 2 parks. As Wanda mentioned, those areas have a high concentration of vacation homes. For some reason there is a high concentration of people from Houston that own homes out there too. My parents still live out there so I have some insight as to what is going on in the area. When the economy slows down vacation homes are first to go so there is always a lot of activity.
There is also a high concentration of homeowners in their senior years that need to move in closer to the city to be closer to their family, medical facilities, etc., so that is where a lot of sales come from as well.
Are you looking to buy out there? If so, you may be eligible for 100% USDA financing since that whole area is considered a Rural Development area. Most single family homes out there will be eligible for a No Money Down loan. If you are interested in the program let me know and I can forward you more details on the program. I have been lending in Texas for over 13 years and I am USDA loan specialist.
Elliott R. Oliva
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