The Texas real estate market has been pretty quiet for a little under a decade now, but the real estate market in Houston has managed to remain relatively consistent while its surrounding areas have dragged their feet. In this article, our focus will be on the Houston real estate market trends and investment opportunities in 2020.
There was a time when Houston seemed immune to the highs and lows of housing cycles, but it now seems to have joined the pace of the national average. But its rate of appreciation continues to be slightly above the national rate.
The Houston Real Estate Market is becoming a hotbed of buyer activity that could be really beneficial for real estate investors; just ask the multitude of overseas investors who are choosing Houston as the city of choice to invest in for the foreseeable future.
The Houston Real Estate Market forecast 2020 is good, and current home prices in Houston are relatively low, so if you want to get on board the Houston real estate investing then now would be a great time to do so.
The combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push the home prices in Houston to a higher side.
Top Reasons to Invest In Houston Real Estate |
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With an extremely diversified economy and a huge demand for housing, the Houston real estate market remains one of the top markets in the US for real estate investing.
The most recent population figures for the city show a figure of more than 2.3 million people, and the past two decades have seen billions of dollars in both public and private investment to develop areas and make Houston a more attractive place to live and to visit.
Residential units, hotels, office buildings, restaurants; the city goes into 2020 with continuing development projects that promise to keep the real estate market strong. Let’s take a close look at the latest Houston real estate market trends and forecasts for 2020 and find out why to invest in this hot Texas market.
Houston Real Estate Market After Hurricane Harvey
Hurricane Harvey had some fascinating and somewhat surprising effects on the Houston Real Estate Market. Harvey’s devastating economic impacts have a silver lining for home buyers in the Houston. Houston real estate market forecasts look promising after the hit the city took from Hurricane Harvey in 2017.
Big weather events hit many areas of the USA hard last year, and the costs of repairing the damage have been astronomical. But Houston has shown its trademark resilience, and 2018 is predicted to see real estate growth of 2.8% in the city, meaning now would be a good time to invest.
Hurricane Harvey tremendously impacted the real estate market in Houston, Texas. Houston had some of the largest swings in real estate value. So what were the economic ramifications of Hurricane Harvey on this delicate market?
First, people have renewed interest in houses that were located in areas that did not flood. This isn’t a particularly surprising statistic. Buyers now have confirmation that these areas can survive a catastrophic event and that they won’t be in any danger of damage.
A recent trend, though, has been that homes in areas that were damaged by Hurricane Harvey have started to see a pick up in sales. Many houses that were damaged are being quickly sold to real estate investors. They saw an opportunity after Hurricane Harvey to buy damaged homes on the cheap in the Houston Real Estate Market.
This has, in turn, led to Houston becoming a valuable “hot spot” for the real estate market in the US. In October alone, 6,381 homes were sold in the Houston Real Estate Market, an increase of 7.5% over the same period of time last year.
Agents are not only selling houses at a faster rate, but they are also commanding a higher price for their sales. Realtors are selling houses in Houston, Texas for over $7,000 or more than in the previous years. Perhaps the largest increase, though, has been in rental marketing.
People whose houses Hurricane Harvey damaged have been looking to rent since the hurricane struck in late October. In fact, the rental market in Houston is approaching an all-time high. Investors are also intrigued by this statistic as it allows them to make money off of houses they may not be residing in at a given time.
This has further contributed to an increase in the housing market in Houston, Texas. The rental statistics for single-family homes and townhomes/condominiums are staggering. Single-family homes saw an increase of 83.6 percent over a 365 day period while townhomes and condominiums saw an increase of a mind boggling 92.2 percent.
It is not surprising, then, that investors have flocked to the area with the idea of making a quick buck. As many have learned, the profit that could be acquired in this area is immense. The housing market in Houston is in exciting new territory.
Although Harvey’s effects were absolutely devastating, the hurricane also contributed to the Houston housing market’s new rise after Harvey. Houston’s inspiring efforts to come together and recover shows the resilience of the people there and the city’s strength.
The government’s quick response to the tragedy and their overwhelming desire to help the people exhibits the city’s importance on a national, and continental, scale.
Houston housing market remained in the recovery mode in 2018 following devastating floods from Hurricane Harvey. People living in more expensive cities such as New York, Los Angeles, and San Francisco flocked to cheaper living cities such as Houston, Texas.
Many workers were fed up with the costs in these regions and were having difficulty surviving in areas with labor shortages, rising mortgage rates, and higher lumber costs. All these factors contributed to a significant upward trend in the Houston housing market in 2018.
What Is Houston Famous For?
Houston is by far the country’s number one job creator, the home of America’s booming energy industry, is more diverse than New York City (PDF) and lets you stretch a paycheck farther than anywhere else in the country. For those of you who do not know, let us discuss what is Houston famous for.
18 Interesting Facts About Houston
- It’s got the jobs. Houston is the country’s number one city for job creation. By a lot.
- Its unemployment rate is far below the national level:
- A paycheck goes farther in Houston than any other major metropolitan area.
- Housing is affordable.
- Houston didn’t experience a housing bubble the way the rest of the country did.
- It’s home to more Fortune 500 headquarters than anywhere in America except for New York.
- It’s one of the centers of America’s booming oil and gas industry.
- Massive international trade gives another big jobs boost to the rapidly growing city.
- Houston is called Space City for a reason; it’s home of the NASA Astronaut Corps.
- The New York Times calls it ‘one of the country’s most exciting places to eat.’
- A spectacular range of ethnic cuisines, fantastic seafood, and great barbecue.
- Ignore the Astros. The Texans, Rockets, and Dynamo are all winners.
- It hosts the world’s largest concentration of health care organizations, with scientists working hard to beat cancer.
- The city is filled with world-class and unique museums and cultural landmarks, like the Rothko Chapel.
- The combination of The University of Houston and Rice University means there are a bunch of smart people around.
- Houston recently passed New York to become the most ethnically and racially diverse city in the US.
- And finally, it’s a great place for Southern hip hop!
- There are 1,196 schools in Houston, TX. There are 490 elementary schools, 256 middle schools, 178 high schools and 272 private & charter schools.
To know more about Houston Interesting Facts, read his blog – 17 Facts That Make Houston the Best City in America.
Houston Real Estate Market Forecast 2020
What are the Houston real estate market predictions for 2020? The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value.
According to Zillow.com, the median home value in Houston is $189,900. Houston home values have risen by 4.6% over the past year and their Houston real estate market forecast is that the prices will continue to rise by 2.9% within the next year.
Here is the Houston real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 2.9% till Sep 2020.
The median list price per square foot in Houston is $142, which is higher than the Houston-The Woodlands-Sugar Land Metro average of $123. The median price of homes currently for sale in Houston is $289,000.
Zillow reports that 21.1% of the listings in Houston had a price cut in Sep 2019, which is a good thing for buyers. It shows sellers were willing to negotiate on prices as they were finding it more and more difficult to sell homes at asking prices.
The median rent price in Houston is $1,550, which is lower than the Houston-The Woodlands-Sugar Land Metro median of $1,625.
Houston Housing Market Forecast 2019 – 2021
Here is a short and crisp Houston housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Houston is 76% and it is predicting a positive trend.
The LittleBigHomes.com estimates that the probability for rising home prices in Houston is 76% during this period. If this price forecast is correct, the Houston home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the Houston, TX Real Estate Market Forecast.
Houston Real Estate Market Trends
Houston has been one of the hottest real estate markets in the country for years. Trulia has 12,957 resale and new homes for sale in Houston, TX, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
Some of the most popular neighborhoods in Houston are Kingwood, Greater Uptown, Greater Heights, Lake Houston and Memorial. Here you’ll find the maximum no. of listings.
Currently, there are 441 active listings in Kingwood, Houston, TX and the home prices range from $14K – $4.35M. Additionally, there are 75 rental properties for sale on Trulia within a range of $1,050 – $3,900. The schools are rated between 2/10 – 10/10.
Similarly, there are 638 active listings in Greater Uptown, Houston, TX and the home prices range from $89.9K – $29.5M. Additionally, there are 287 rental properties for sale within a range of $899 – $20,000. The schools in this neighborhood are rated between 2/10 – 10/10.
In the past month, 2840 homes have been sold in Houston, TX as reported by Redfin.com. In addition to houses in Houston, there were also 1439 condos, 1887 townhouses, and 181 multi-family units for sale in Houston last month. The median price per square foot in Houston has increased by 3.8% over the past year.
According to their statistics, the Houston housing market is somewhat competitive. Homes in Houston receive 1 offers on average and sell in around 39 days. The average price of a sold home in Houston was $225,000 last month, up 4.6% since last year. The average sale price per square foot in Houston is $109, up 3.8% since last year.
Homes typically receive 1 offer. Homes sell for about 3% below list price and go pending in around 39 days. A hot listing in Houston can sell for around list price and go pending in around 11 days.
Here is the latest Houston housing market data for the month of Oct 2019 from Redfin.com. The sale to list price ratio shows us that it was seller’s market in the past month.
Houston Housing Market Trends in Oct 2019 |
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| Median List Price | $300,000 |
| Avg. Sale / List | 97.1% |
| Median List $/Sq Ft | $139 |
| Avg. Number of Offers | 1 |
| Median Sale Price | $224,000 |
| Avg. Down Payment | 23.6% |
| Median Sale $/Sq Ft | $109 |
| Number of Homes Sold | 2840 |
There are 16,965 homes for sale in Houston, Texas on Realtor.com. The new listings are 1054. The asking price of Houston single family homes can start from $30,500 and can go up to $29.5M for a luxury property in the Great Uptown neighborhood.
Additionally, there are 8,577 Houston rental properties for sale, and their rent price can go from $95 to $20,000 per month. The median rent in Houston is $1,550. There are 3,235 new construction homes for sale in Houston within a price range of $39,932 to $9.5M.
According to their statistics, in October 2019, the Houston housing market was a balanced market, which means there is was healthy balance of buyers and sellers in the market.
Ideally a buyer would prefer a sale to asking price ratio that’s closer to 90%. In Houston, the sellers have held good leverage in these negotiations in the past month.
On an average, they could sold homes for 97.92% of the asking price. A seller would always prefer scenarios which can yield a ratio of 100% or higher.
The median list price of homes in Houston, TX was $287.8K in October 2019, flat year-over-year. The median listing price per square foot was $126.
On average, homes in Houston, TX sell after 69 days on the market. The trend for median days on market in Houston, TX has gone up since last month, and slightly up since last year.
As per Movoto.com, the median list price in Houston is $329,900. The median list price in Houston was less than 1% change from October to November. Houston’s home resale inventories is 10,088, which decreased 2 percent since October 2019.
The median list price per square foot in Houston is $163. In October 2019 it was $164. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November.
Houston, TX Single & Multi-Family Homes Statistics
Following the real estate market decline in 2007 in the U.S., single family rental homes became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate.
Single family rental properties have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units.
U.S. single-family rental market has seen steady rent increases between 2010 and 2019. According to CoreLogic’s latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, it shows a national rent increase of 3% in April 2019, as compared to 2.8% in April 2018.
The average sales price of new homes sold in the U.S. fell by 1.6% year-over-year in July 2019, to $388,000, according to the U.S. Census Bureau. In fact, the median sales price of new homes sold fell by 4.8% to $312,800 over the same period.
For existing homes, the median price was up by 4.3% to $280,800 in July 2019 from a year earlier, according to the National Association of Realtors. July’s price increase marks the 89th consecutive month of year-over-year gains. Demand remains robust. During the year to July 2019, new and existing home sales increased by 4.3% and 2.5%, respectively.
As per the real estate company called Neigborhoodscout.com, the median house price in Houston, TX is $154,934, which indicates that home prices in Houston are well below the national average for all cities and towns in the United States.
Single-family detached homes are the single most common housing type in Houston, accounting for 44.85% of the city’s housing units. One or two single-family detached homes are the most common housing units in Houston.
Other types of housing that are prevalent in Houston include large apartment complexes, duplexes, homes converted to apartments and a few row houses. Houston has a mixture of owner-occupied and renter-occupied housing.
After the great recession of 2008, renting a home has increased exponentially across the nation. There are currently over 136.57 million housing units in the U.S.
In 2018, the total number of homeowner households hit an all-time high of 76.2 million. 36.6% of households rent their homes and 64.4% buy their homes (2018 U.S. Census Bureau).
Currently, there are 8,646 single family homes for sale in Houston, TX on Zillow. Additionally, there are 2,799 single family homes for rent in Houston, TX.
Under potential listings, there are about 103 Foreclosed and 119 Pre-Foreclosure homes. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
Houston, TX Foreclosures And Bank Owned Homes Statistics
Looking for foreclosure homes in Houston? As per the Houston foreclosure data by Zillow, the percent of delinquent mortgages in Houston is 1.2%, which is higher than the national value of 1.1%.
| Total No. of Foreclosures in Houston | 1,437 (RealtyTrac) |
| Homes for Sale in Houston | 2,179 |
| Recently Sold | 25,415 |
| Median List Price | $279,000 (2% ⇓ vs Sep 2018) |
There are currently 1,437 properties in Houston, TX that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 2,179.
In October 2019, the number of properties that received a foreclosure filing in Houston, TX was 0% higher than the previous month and 24% lower than the same time last year.
Houston Home Prices And Real Estate Appreciation
While the rapid real estate appreciation Houston witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push home prices in Houston.
According to the Bloomberg report on Houston Real Estate Market – “Far from declining, the Houston home prices and rents are expected to rise given the sudden housing shortage. Out-of-state investors have even started to swoop in to acquire damaged homes to repair and sell or rent.”
Houston real estate appreciated 51.71% over the last decade, which is an average annual home appreciation rate of 4.34%, putting Houston in the top 10% nationally for real estate appreciation, according to NeighborhoodScout’s data. In the latest quarter of 2019, their data shows that house appreciation rates in Houston were at 2.35%, which equates to an annual appreciation rate of 9.72%.
Both the average and the median home prices in Houston for a single family home hit their highest levels ever in October 2018. The average home price in Houston increased 3.5 percent to $294,500, and the median home price was up 3.6 percent to $234,653. Freddie Mac predicts that the home prices in Houston will increase by 4.3 percent in 2019.
Houston Home Prices Trends
| 6.9% | 10.4% | 13.9% | 17.4% |
| Next 24 Months | Next 36 Months | Next 48 Months | Next 60 Months |
According to National Association of Realtors (NAR) Chief Economist Lawrence Yun, the price appreciation will slow down, but the home prices in Houston will continue to rise. Although the desire to own a home remains strong, the combination of higher home prices and rising mortgage rates will make it increasingly difficult for many first-time buyers to afford one.
Best Neighborhoods in Houston To Invest in Real Estate
If you are looking to buy real estate in Houston, you should know the best places to invest in. The three most important factors when buying a real estate anywhere are location, location, and location. Location creates desirability.
Desirability brings demand. Demand would raise the price of your Houston real estate and you should be able flip it for a lump sum profit.
When looking to invest in Houston real estate, you need to find places where the expected property appreciation forecast is positive. The running costs for owning and managing an Houston investment property should be low.
The neighborhoods in Houston must be safe to live in and should have a low crime rate. The neighborhoods should be close to basic amenities, public services and shopping malls. There should be a natural and upcoming high demand for rental properties and a low supply of income properties.
Houston is a minimally walkable city in Harris County. There are 557 elementary schools, 286 middle schools, 194 high schools and 320 private & charter schools in Houston, TX.
There are 148 neighborhoods in Houston. Some of the best neighborhoods in Houston, Texas are Great Uptown, Greater Heights, Memorial, Houmont Park, River Oaks, Montrose, Pearland, Lubbock, Garden Oaks, Bridgeland, Rice Military / Washington Corridor, Towne Lake, Cypress, Richmond, Kingwood, Houston Harbor, and Clear Lake.
Neartown – Montrose has a median listing price of $614.9K, making it the most expensive neighborhood. Alief is the most affordable neighborhood in Houston, with a median listing price of $159K.
These are the 10 best neighborhoods in Houston to invest in real estate.
1. Kingwood Area, Houston, TX
The top pick is a suburb called Kingwood Area. It is highly populated with more than 83,000 people. Home prices and rent in Kingwood area are both above average here, and the shores are a definite crowd pleaser.
The links to the city center are convenient, but Kingwood has plenty to offer in itself. A good place to consider with its potential for growth and development.
Zillow has 260 homes for sale and 121 rental listings in Kingwood Houston.
2. El Lago, Houston, TX
This suburb is just outside Taylor Lake Village, and is very sparsely populated with fewer than 3,000 residents. Home prices and rent in El Lago are fall slightly below the national average here, so the potential for growth is rather exciting. It’s a quiet neighborhood with a good jobs market, so very appealing for potential buyers or tenants.
3. Clear lake, Houston, TX
Clear Lake city is a master-planned community located in southeast Harris County, Texas, within the Bay Area of Greater Houston. It is the second-largest master-planned community in Houston — behind Kingwood.
Clear Lake enjoys all the amenities you’d expect from a larger city, but is actually quite small and inviting. And the large lake is a definite selling point.
The population is quite high, topping 83,000, and home prices in this Houston area are a little above the national average. The open spaces here are worth noting, because they are attractive for buyers and they show potential for development, so a little research could unveil a good investment opportunity in Clear Lake.
4. Addicks Park Ten, Houston, TX
Addicks Park Ten is located in the westernmost part of the City, north of Interstate 10. Most of the area is made up of the Addicks Reservoir, a large flood control dam. One of the more affordable suburban neighborhoods, Addicks Park Ten ticks a lot of boxes for potential buyers or tenants.
It has good connections to the city center, and plenty of things within its own boundaries to attract new residents. Home prices fall pretty close to the national average here, but the Houston magic of price growth could make investment here profitable. And average rent is higher than the national average here.
5. Taylor Lake Village, Houston, TX
Taylor Lake Village is a city in Harris County, Texas, United States. Taylor Lake Village is another area where the median home value is only a little above the national average, but rental values are sky high.
Another beautiful suburban neighborhood, Taylor Lake Village is something of a tourist attraction because of close proximity to NASA and the Johnson Space Center.
Purchasing a property here could be a real money-spinner if placed on the tiny rental market, but home price growth is likely to net you a tidy profit as well.
6. Greatwood, Houston, TX
Greatwood is a census-designated place and master-planned community located in the extraterritorial jurisdiction of Sugar Land within Fort Bend County, Texas, United States. For its mix of city location and rural surroundings,
Greatwood will tick a lot of boxes for many buyers. Property values are above average here, but rent prices are extremely high due to the shortage of rental properties available – 94% of Greenwood homes are occupied by their owners.
This should be an appealing statistic for investors, and the house price growth may follow suit as the balance between housing and open spaces continues to shift.
According to har.com,
7. Memorial, Houston, TX
The Memorial area of Houston, Texas is located west of Downtown, northwest of Uptown, and south of Spring Branch. The first of the more distinctly urban areas on our list for Houston, Memorial has a population of 52,000 with real estate values way above the national average.
The median property price is $442,500, and the median household income is more than twice the national average. For those that can afford it, Memorial is a great place to live and it wins the niche.com award for best place to raise a family.
Memorial homes enjoy easy access to schools, stores, restaurants, entertainment centers, and parks. Investors looking to rent out properties might find Memorial most alluring.
According to Houston’s Best Public Schools, the area is zoned to some of the top ranked schools in Texas including Memorial Drive Elementary, Frostwood Elementary, Wilchester Elementary, Bunker Hill Elementary, Memorial Middle and Memorial High.
| MEMORIAL REAL ESTATE FACTS | |
|---|---|
| Total Homes for Sale: | 254 |
| Median Home Values Estimate | $511,500 |
| Home Value Forecast: | -11% |
8. Lake Houston, Houston, TX
Though another suburban district, Lake Houston has a considerably largest population above 73,000, with real estate values averaging close to the national median at $175,915. The Lake Houston region consists of several growing communities.
From golf courses to country living and from upscale mixed-use developments to signature shopping, the Lake Houston Area has it all. The listings on niche.com rate Lake Houston as the safest place to live in the Houston area, so the community is appealing to buyers looking for the more urban type of suburb.
Interestingly, median household income here is nearly twice the national average, suggesting that the job market performs highly for such an affordable area.
| LAKE HOUSTON REAL ESTATE FACTS | |
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| Total Homes for Sale: | 171 |
| Median Home Values Estimate: | $231,600 |
| Home Value Forecast: | 0.5% |
9. New Territory, Houston, TX
With a population of 15,494, New Territory is another suburban neighborhood where house prices and rental values are above the national average.
New Territory is a census-designated place and master-planned community within the extraterritorial jurisdiction of Sugar Land in Fort Bend County, Texas, United States.
It is a popular area with quiet streets and lots of community programs, and as such the population is likely to keep rising.
As usable land for housing decreases with current housing developments, property prices are likely to increase, so the investment opportunity is there.
According to har.com:
10. Cinco Ranch, Houston, TX
Cinco Ranch is a census-designated place and master-planned community located in the extraterritorial jurisdiction of the city of Houston within Fort Bend and Harris counties in the U.S. state of Texas.
This suburban neighborhood is known for its great community and array of superb schools and shopping centers. Residents praise the comfort and safety of the area, and the population is listed as 17,015 on niche.com.
Median home values are considerably above the national average at $292,500, and the job market caters for above-average earners. The area attracts buyers and renters who can afford the higher home prices Houston, so as growth continues there are profits to be made.
Houston Real Estate Investment
Maybe you have done a bit of real estate investing in Houston but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold.
Houston is a diverse city with lots to offer that will cater to the tastes of a variety of potential buyers and tenants. Many of Houston’s neighborhoods are some of the most attractive places to live in the whole of Texas, and it’s not hard to see why.
With a great balance of urban regions and open spaces in the suburbs, the potential for development is clear to see, and the natural features of the land are some of the most attractive features you could hope for in an investment district.
A good cash flow from Houston rental property means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt.
Therefore, finding a good Houston real estate investment opportunity would be a key to your success. If you invest wisely in Houston real estate, you could secure your future.
If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate. The less expensive the Houston investment property is, the lower your ongoing expenses will be.
Roughly a $150,000 property is what some experts recommend starting with. Most investors naturally gravitate to residential property investment.
When looking for the best real estate investments in Houston, you should focus on neighborhoods with relatively high population density and employment growth.
Both of them translate into high demand for housing. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable.
You must also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the best real estate markets like Houston, TX.
Houston Investment Properties For Sale ⇐ Click Here
Buying an investment property is different from buying an owner-occupied home. Our Houston investment properties are designed to make money as rentals, which means you must look at it solely as an income producing entity just like any other business. These are “Turnkey Cash Flow Investment Properties” located in some of the best neighborhoods of Houston, TX.
Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor is your ability to find great real estate investments.
According to real estate experts, buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market.
NORADA REAL ESTATE INVESTMENTS strives to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.
The aim of this article was to educate investors who are keen to invest in Houston real estate in 2020. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend to do your own research and take help of a real estate investment counselor.
*Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
References:
Downtown Houston https://www.downtownhouston.org/development
Best Places To Live In Houston
https://www.niche.com/places-to-live/search/best-places-to-buy-a-house/m/houston-metroarea
Market Data, Trends and Forecast https://www.zillow.com/houston-tx/home-values https://www.littlebighomes.com/real-estate-houston.html https://www.realtytrac.com/statsandtrends/foreclosuretrends/tx/harris-county/houston https://www.neighborhoodscout.com/tx/houston/real-estate https://www.movoto.com/houston-tx/market-trends https://www.redfin.com/city/8903/TX/Houston/housing-market https://www.trulia.com/real_estate/Houston-Texas http://gordcollins.com/real-estate/houston-real-estate-forecast https://www.fortunebuilders.com/houston-real-estate-market-trends https://www.har.com/blog_66778_what-and-039s-ahead-for-real-estate-in-2019
Houston After Hurricane Harvey http://www.chron.com/business/real-estate/article/Houston-real-estate-market-continues-post-Harvey-12341532.php https://www.houstonproperties.com/hurricane-harvey-impact-houston-realestate https://www.npr.org/2017/11/08/562903267/some-real-estate-investors-eager-to-buy-houston-homes-damaged-by-flooding https://www.bizjournals.com/houston/news/2017/10/11/following-harvey-houston-sees-home-sales-rebound.html
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