Famous for deep ties to the energy industry, Houston has redefined itself as one of the nation's foremost industrial, educational and financial centers. As home prices continue to decline, now is the ideal time to invest in Houston real estate.
Houston offers a wide variety of upscale, fashionable urban districts, in addition to many attractive surrounding neighborhoods. Whatever your tastes demand, Houston real estate delivers.
Consider the following five reasons why you should buy Houston real estate.
Reason 1: Homes are starting to move.
The volume of single-family home sales in August across the Greater Houston area dropped 10.1 percent compared to August 2008, according to the Houston Association of Realtors. Median home prices have even started to rise. This data suggests that if you are considering purchasing Houston real estate, don't wait much longer.
Reason 2: Affordability.
Houston was recently ranked the ninth-most expensive American city by Forbes. While this may seem misleading at first, bear in mind that the same basket of goods is significantly less expensive in Houston than in other major U.S. cities like New York (No. 1), Los Angeles (No. 2) and Boston (No. 8). Houstonians get major-city benefits at a cheaper price.
Reason 3: The Suburbs.
Just minutes outside the city, Houston real estate impresses in suburbs such as Sugar Land, Kingwood and The Woodlands. Sugar Land was honored as one of the "100 Best Places to Live" by Money Magazine. Sugar Land's relatively low cost of living, low crime rate and cultural options make it and other Houston suburbs extremely attractive to homebuyers seeking a little extra space.
Reason 4: Entertainment choices.
If sports are of interest to you, Houston boasts several professional teams including the NFL's Texans, MLB's Astros and the NBA's Rockets. Houston also hosted Super Bowl XXXVIII in 2004 and received rave reviews. Not a sports fan? Houston offers many world-class museums, theaters, restaurants and shopping destinations.
Reason 5: Professional opportunities.
According to the Greater Houston Convention and Visitors Bureau, 16 companies on the Fortune 100 Fastest Growing Companies list are headquartered in the metropolitan area. Furthermore, Kiplinger's Personal Finance named Houston the top city in the U.S. to live and work based on its strong economy, abundant jobs, reasonable living costs and fun things to do. So if you're seeking to invest in Houston real estate, time is of the essence.
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To learn more about the overall Houston real estate market or Houston homes for sale, please visit our website.
Mark W. Martin is President of 2M Realty, a Texas Real Estate Broker and Houston Realtor. He develops land in north Houston, and more specifically the Porter real estate, Conroe real estate, Humble real estate and Kingwood real estate markets.
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