2013 was a huge year for Real Estate in Houston. We saw a tremendous growth in numbers across the board; homes built in the suburbs, apartments and condos built inside the loop, a surplus of people moving to Houston, shopping centers and retail built - you name it, it happened in Houston in 2013. Houston homeowners are concerned that since 2013 did so well, that 2014 will settle down significantly. Good news - the 2014 Houston Real Estate market is expected to see the same fire as we saw in 2013! Here's why:
1. Large corporations will be shuffling employees - Big businesses such as Exxon Mobil, Geico, and Chevron plan to relocate thousands of employees to the Houston area as their branches grow, creating a demand for home sales in and around Houston.
2. Job growth creates demand for apartments - In 2013 we added thousands of jobs to the Houston area, which ultimately led to an apartment boom as far in as the inner loop and as far out as the suburbs. We do not expect this growth to slow down in 2014.
3. Home builders went crazy in 2013 - We saw a vast expansion in the number of single-family homes in and around Houston, and this year, other home builders want in on the action. Expect to see a 10% increase in new home construction this year.
1. Large corporations will be shuffling employees - Big businesses such as Exxon Mobil, Geico, and Chevron plan to relocate thousands of employees to the Houston area as their branches grow, creating a demand for home sales in and around Houston.
2. Job growth creates demand for apartments - In 2013 we added thousands of jobs to the Houston area, which ultimately led to an apartment boom as far in as the inner loop and as far out as the suburbs. We do not expect this growth to slow down in 2014.
3. Home builders went crazy in 2013 - We saw a vast expansion in the number of single-family homes in and around Houston, and this year, other home builders want in on the action. Expect to see a 10% increase in new home construction this year.
If you or someone you know has a question about real estate, please contact me using the information provided below.
Arthur Confait
Email: arthurconfait@gmail.com
Website: CLICK HERE
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