Good news for Texas home builders, the residential market throughout Texas, and particularly in Lubbock, have shown steady increase above the average rates. Coby Crump, the president of the Lubbock Realtors Association, says that “our real estate market is outstanding and continually strengthening.” He describes current conditions as a “seller’s market,” as “the demand for properties has depleted the amount of residential home supply below a six-month inventory of listings.”

The health of the Lubbock market is being attributed, in part, to more careful lending during the real estate boom. “Real estate lenders didn’t make many of the risky loans seen in other places, so foreclosure rates haven’t been at catastrophic levels,” said Ron Betenbough, vice president of Betenbough Homes.