Houston love to compare themselves to New Orleans, leaning more to pointing out how they have outpaced the "Big Easy" in everything from dealing with the homeless to solving crime. Well, Houston, since you want a little fanfare, here goes:
The number of home sales — which was down 3 percent for the year at the end of November — will likely outdo the number sold in 2005. And on the commercial side, robust job growth and leasing activity gave developers reason to start and propose new buildings.
The historic surge in the energy industry fueled this growth, as big oil companies took on more office space and transferred employees from outside Houston who bought homes and leased apartments.
Still, the local real estate market lost some of its resiliency toward the end of the year, as the credit crunch caused some commercial deals to fall apart and contributed to a slowdown in the housing market.
You left out the part concerning the vast amount of real estate scams here in Houston. When you toot your own horn, make sure you report all of the facts.
Sunday, December 30, 2007
Houston's Real Estate Market: Boom or Bust
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1 comment:
Right now the market of real estate is much better than 2005 . as that time the percentage was low but right now its much good.
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