The real estate outlook for the Spring and Cypress areas has been super STRONG and is not showing any signs of slowing down. In fact, with the pending completion of the new Exxon Campus just south of The Woodlands, coupled with the relocation of Noble Energy to the Hewlett-Packard/249 area, the future is looking GREAT! The Exxon campus should be completed in 2014 and Noble Energy anticipates completion of its new office space by 2015. Exxon is expected to bring in 7000 + employees to its Spring campus and Noble Energy is reported to be bringing in up to 1600 employees to its HP/249 campus.
Needless to say, the demand for residential real estate in Spring and Cypress is expected to increase as the employees continue moving to the area and small businesses open to accommodate the additional demand for commerce. Some estimates report over 22,000 new residents moving to the area just as a result of Exxon’s relocation of its world headquarters to the Spring campus. WOW!!!
SELLERS: With the shortage of listing inventory already an issue and interest rates expected to rise, now is a great time to sell your house. My listings are on the market for an average of 26 days before they go under contract. If you are interested in taking advantage of this fabulous market, give me a call for a free market analysis 832-928-5070.
BUYERS: If you are looking to buy a home in the Spring or Cypress areas, now is the time to buy. As more Exxon and Noble Energy employees move to the areas, demand for real estate will only increase. The increasing demand for housing means increased housing prices. We are also expecting interest rates to rise as the Federal Reserve tapers off from its policy of quantitative easing which has helped keep interest rates historically low. Interest rates are already rising. As rates rise, the amount of financing a buyer can qualify for decreases; thus, so does the quality of house. Waiting for a buyers’ market and for lower interest rates could be a very long wait. Neither are likely in the next 2-3 years – and beyond for that matter – as supporting businesses move to the area and the Fed tapers off from quantitative easing. I would love to work with you so please give me a call if you are ready to buy. 832.928.5070.
I specialize in Spring, Cypress, The Woodlands, Katy, Sugar Land, North, NW, West, and SW Houston but I am comfortable in just about any of the local markets. I have lived and worked in the greater Houston area for over 36 years. I know Houston well and I love my job! Feel free to visit my website at www.har.com/krishoch to learn about my across-the-board FIVE STAR rating!