subject: Houston Housing Market Booming [print this page] . The report speaks about the latest statistics gathered by the Houston Association of Realtors. The released data indicates that home sales in greater Houston area are showing a positive trend with the highest level of home sales.
According to the report, property sales in the month of June totaled 7,575 and there has been an increase of 15.3 percent compared to the property sales in June 2011. Overall dollar volume for real estate properties sold during June 2012 jumped 20.2 percent to $1.7 billion versus $1.4 billion in 2011. Further delving into the data provided by the Houston Association of Realtors shows that that sale of single-family homes increased by 14.4 percent in June 2012 compared to June 2011. June 2012 has been the 13th consecutive month of positive home sales in Houston compared to last five years and at this point forecast remain strong that this positive trend is likely to continue in the years to come.
Houston housing market is booming as is evident from the data prepared by Houston Association of Realtors. Houston Real Estate Market is highly preferred by the buyers and growing by leaps and bounds due to the following reasons:
1.One of the major factors that have contributing to the growth of Houston Housing Market is the prosperous job market and favorable employment opportunity. If the intensity of employment opportunities continues to show an upward trend, the current year could be the best year for Houston real estate market.
2.There has been a significant increase in the rent of apartments. Thus, increase in lease rent is also propelling large number of renters to buy homes for the first time.
3.Houston is the centre of trade and commerce that supports a huge number of populations from different corners of the globe. This multi-ethnic atmosphere in Houston is another important factor that has been propelling large number of buyers to invest in Houston housing market thus making it most-preferred housing market.
Flourishing Energy Industry has also contributed in making Houston one of the best Housing market compared to others. Several oil and gas firms have moved their headquarters to Houston area thus making an attractive housing market.
What does this mean for real estate investors who want to invest in the Houston market? With the affordable prices of homes in the Houston area and strong rental demand, real estate investors can find real estate investment deals that make sense and provide positive cash flow. However, with an attractive market like Houston, investors may have to look harder for huge discounted property as they get rapidly scooped up. Additionally, when they find a deal the numbers do indicate positive returns are obtainable if you are holding a more long term outlook. If you are a long term buy and hold investor, then the Houston market could provide several gems.
