The national news tends to make investors uneasy, sellers relentless and buyers get off the bus and throw their hands in the air. As dismal as the present economy on a national level, Houston real estate is coasting by. In part due to one of the largest medical centers in the world, it being the energy capital and being located in one of the healthier states. We take center stage with recent announcements from MetroStudy for 2009 Q2 and I was all smiles. Here's my blog to boast about Houston *grin*.
Different market studies were presented at a recent commercial training at South Texas College of Law for brokers and attorneys. It was of course the "state of the union" for Texas as a whole and highlighting Houston's impact in this present market. We had a good KW Commercial turn out representing our market center, The Metroplitan. There were some very prominent speakers ranging from Oil & Gas, Economists to Bankers and Developers. A great presentation was one provided by Dan Bellow from the Greater Houston Partnership and the topic was "Where's the Business & How to Get It!". Browse through the recent Houston Headlines and preview the unveiling of the Certified Property Program, an industry leading certification that will expedite relocation/expansion process and reduce the risk associated with the unknown.
You think Real Estate is bad here in Houston????? Hmm...let's review.
The statistics provided from MetroStudy for 2009 Q2:
1. 25,000 new construction homes sold in last 12 months in Houston
2. Only 19,000 new homes are being built presently (we're hoping to see this increase)
3. Houston-Sugar Land - Baytown, TX population growth 1,012,726 that's 21.5% GROWTH RATE from 2000-2008 (we're #4)
4. There's an estimated 5.8 million living in the Greater Houston Area.
5. Houston-Sugar Land - Baytown, TX population growth 130,185 that's 2.3% GROWTH RATE JUST FOR 2008 (we're #2)
6. Houston ranks NUMERO 1 in MSA Rank - Permits of most ACTIVE New Home Markets in US! (19,339 Annual SF Starts/Permits)
7. Houston saw 55,000 new apartment complexes in last 3 years
8. Class B apartment occupancy is over 90% in Houston
9. Metrostudy showing Houston Single Family Homes per MLS getting stronger since July 2009.
10. Distressed residential properties is 17% VS 37% in January 2009 in Houston (FHFA)
TOP 10 COMMUNITIES IN GREATER HOUSTON 2009 Q2:
1. The Woodlands - 810 Closings
2. Cinco Ranch - 721 Closings
3. Telfair - 440 Closings
4. Shadow Creek Ranch - 390 Closings
5. Sienna Plantation - 317 Closings
6. Eagle Springs - 297 Closings
7. Westheimer Lakes - 290 Closings
8. Riverstone - 275 Closings
9. Kingwood - 258 Closings
10. Fairfield - 221 Closings
HOUSTON in the MEDIA for 2009!!
- "Best City to Get Ahead"
Forbes.com - June 19, 2009
- "Top Metro in the Nation
(For Corporate Expansions & Relocations)"
Site Selection Magazine - March 2009
- "Best City to Live, Work and Play"
Kiplinger's Personal Finance - July 2008
- "Top U.S. Manufacturing Cities"
Manufacturers' News Inc.
(as reported in the Houston Business Journal) - May 19, 2009
- "Best City to Get Ahead"
Forbes.com - June 19, 2009
- "Top Metro in the Nation
(For Corporate Expansions & Relocations)"
Site Selection Magazine - March 2009
- "Best City to Live, Work and Play"
Kiplinger's Personal Finance - July 2008
- "Top U.S. Manufacturing Cities"
Manufacturers' News Inc.
(as reported in the Houston Business Journal) - May 19, 2009
Selected 2009 Announcements by Greater Houston Partnership
- Anheuser Busch, malt beverages
$100 million to modernize Houston operations, retaining 700 existing jobs
- Farouk Systems, hair care products
1,000+ jobs as manufacturing relocated from China and South Korea
- Grocer Supply, food wholesaler
$150 million to improve efficiencies to its Houston facilities
- HP, information technology
$196 million in a new Houston-area data center.
- NATCO Group, wellhead equipment and services
$9 million R&D center and 25 new employees
- URS Corp, engineering
Consolidating into Houston, employment to exceed 1,000 by year's end
Let me show you the way...
I understand that selling your home is just one of the tasks that face you when you're selling a house. I will help you decide which specific projects will maximize your home's sale price. I can assist you in the home selling process which includes offer negotiations, assisting in the inspection and proactive marketing. Buying? Beat other home buyers to the hottest new homes for sale in Houston with my New Listings Notifications. You'll receive updates via email to the properties that match your search criteria in the Greater Houston area. Considering selling down the road? Learn the market value of your home with no obligation. An estimate of your home's value will be sent to you by email. Receive a FREE Home Market Analysis via email with up to 4 properties that have sold in the last six months.
Sincerely,
Diego E. Jaramillo
Realtor, ABR, e-Pro
Keller Williams Houston Metropolitan
Cell: 832-282-2069
Online at www.HoustonHeritage.com
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