Houston's Real Estate market is the best Metropolitan real estate market in the country. Over 1,000 people relocate to Houston each week. Houston has the highest income per cost of living for any major US city. The unemployment rate is two percentage points lower than the national average. Houston housing is 19% below the national average. New residential building permits are up 43% this year. Whether you are buying or investing there is no better place to put your money than in Houston Real Estate. Sellers can be … [Read more...]
Archives for August 2012
Luxury Homes
Houston has been home to the Oil Rich, Venture Capitalists, and Civic leaders who all had a vision of the future. They took risks daily and gambled fortunes on nothing more than their determination to succeed. People such as R. E. Bob Smith, Frank Sharp, Gerald Hines, Judge Roy Hofeinz, Jesse Jones, Judge Elkins, and William Hogg made decisions years ago that have shaped Houston today. River Oaks Houston’s most famous luxury neighborhood came about because the Hogg brothers bought 1,100 acres of … [Read more...]
Without question, buyers expect more from their realtor today
Clients are tech savvy. By the time we talk to them for the first time, they are likely to know more about the market and what’s available than even just a few years ago. We are no longer their sole source of information on a property or the market. That doesn’t diminish our role, it enhances it. The speed of communications today makes it more important than ever to work with an agent that understands the significance of technology in today’s real estate market. Instant communication is not a part of customer … [Read more...]
NeighborhoodLIFT Houston Program – Down Payment Assistance Program
To help Houston overcome the effects of the housing crisis, the City of Houston is partnering with Wells Fargo banks and NeighborhoodWorks America to present NeighborhoodLIFTSM, a program designed to help communities attract qualified, prospective homebuyers to neighborhoods struggling with high inventories of unsold homes. The Neighborhood LIFTSM program is available for homebuyers to use at Avenue Place located just north of downtown off I-45 on 12 acres of land. Ninety Five new single family homes will be … [Read more...]
Housing is dividing Houston into Poor and Rich Areas
The residential Income Segregation index for a metro area is derived by adding the share of its lower-income households located in majority lower-income census tracts to the share of its upper-income households located in majority upper-income census tracts. Source: Pew Research Center Change in residential Income Segregation index between 1980 and 2010: Houston 29 Dallas 21 New York 9 Los Angeles 4 Philadelphia 11 A new study released … [Read more...]
Houston Real Estate – Not a Beautification Plan but an Investment
Let’s start by getting clear on real estate investing. While beautifying and improving our community may be a side benefit, the one, the ONLY reason to invest in real estate is to make money. Real estate investors want a return on their money, and that is the sole purpose in getting involved in buying a property. If investing in Houston, Texas real estate is what you are all about, you’ve come to the right place. If you have the proper investment strategy, you will know when to get involved, and when to back … [Read more...]