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 assured that their properties will go up in value as the city continues to grow. The Houston Real Estate Market is known for its ethnic diversity and its great restaurants. Houston Neighborhoods are unique in that there is no zoning but in reality land prices have served the same purpose.
Houston Lifestyle
Houston real estate offers a lifestyle for everyone. From the luxury neighborhoods of River Oaks and Tanglewood to the casual beach front neighborhoods of Galveston, La Porte, and Clear Lake. Looking for a neighborhood with Bohemian flavor and artesian studios? Then check out the famous Montrose and Hyde Park neighborhoods where new 4 story townhomes sit next to renovated mansions. Let us know your desires and budget and we can help you make the right choice. Do you need to be near a certain school or in a particular school district? Would you like to be within walking distance of clubs and restaurants? What about being near downtown or the Galleria with its many shops.
With Man-Edge concierge service our expert team will gladly take care of your real estate needs. It may be a $100K starter home or a multi-million dollar home with privacy and intimacy.
Investment properties
We recommend looking for good buy and hold opportunities in Houston. Landlords are having a field day as housing starts lag behind the population growth. Apartments are the hottest segment in the market. Apartment vacancy rate today is 4.5%. The Rental market continues to tighten as the vacancy rate is the lowest in 9 years. Companies are looking to expand here creating an even bigger demand. There are still good buys on Houston Foreclosures and Multi-family properties. These will provide cash flow now and future appreciation.
Greater Houston Cities
If the hustle and bustle of the city is not for you, Suburbia with its school districts and peaceful lifestyle may be the place for you. Upper income families wanting a great place to raise children frequently select small cities located near downtown such as Bellaire, West University, Southside, and Southampton. Surburban cities catering to first time buyers include Katy, Pearland, Cypress, Pasadena, and Missouri City. Programs are often available to help first times buyers accomplish their dream of moving to safe affordable housing. Two famous communities outside Houston, Sugar Land and the Woodlands are the essence of what lifestyle means with their planned development which includes waterways, and town centers.
If you have any questions or we can assist you please contact us. We are your source of Houston, Texas real estate answers, whether for commercial, investment or residential. Just email or call Bill Edge at (713) 240-2949.