The Lone Star State is at the epicenter of real estate investor interest. Houston — along with Dallas, Austin, and Ft. Worth — has been a major economic and investment hub for over a decade.
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When we first expanded into new markets at REI Nation, the first two areas we targeted were Dallas-Ft. Worth and Houston, Texas. The reasoning behind this move comes down to a few key factors: in the end, both markets displayed not only growth opportunity, but tenacity in a post-Great Recession world.
4 min read
Speculation is a natural part of the real estate world. We’re always looking for the next big thing and, at the same time, preparing ourselves for worst-case scenarios. In a post-Great Recession world, can you really blame us? That said, it’s important that, particularly in buy-and-hold real estate investment, we are prudent in our analysis and decision-making.
3 min read
Over the past several months, murmurs of an economic slowdown have been steady. While some would see this as a cause to worry, we know that this is all a part of the natural economic and real estate cycle. There is nothing to fear from the natural ebb and flow of things, provided other red flags are not present.
4 min read
The survey is in: it’s more expensive than ever to live in Houston. While Space City still boasts one of the more affordable markets for its size, residents used to its level of affordability may find the temperature of the housing market just a little too hot for their tastes.
4 min read
Houston real estate has been on somewhat of a roller coaster over the past several years.
If you’ve been following their saga at all, you know that Houston was one of the cities largely spared in the wake of the largest recession in recent history (circa ‘07-09).
Their real estate market never inflated in the same way that many around the country did, so when the market crash occurred, they didn’t have nearly as far to fall.
Because of this, Houston and other Texas real estate markets...
4 min read
We’re probably all tired of predictions. But for real estate investors, they can be incredibly valuable. If we can gauge the direction of the market ahead of time, we can make better, more informed decisions...ahead of the curve!
Memphis Invest, as you know, is thrilled to be in three incredible real estate markets—Memphis, Houston, and Dallas. Houston has been one of the hottest markets in the country for the past few years. But will it stay that way in 2017? What’s the forecast look like—and what can real estate investors expect?
We’ll tell you! Here’s what the outlook is for Houston real estate in the year ahead.
16 min read
We all know what they say about Texas. And if it’s true anywhere, it’s true in Houston. Houston is the Lone Star state’s most populated city and the fourth largest city in the United States with a census-estimated population of over 2.2 million as of 2014.
Space City is a rich in art, culture, and innovation. It’s a technological hub, budding with industry. It has the largest concentration of healthcare and research institutions in the world. It’s home to NASA’s Johnson Space Center and Mission Control Center. It’s a hub for the energy, manufacturing, aeronautics, and transportation industries.
Constantly attracting millennials, bringing in bright talent and business, Houston is truly a remarkable city.
And it’s no less true when it comes to real estate!
5 min read
It’s been a crazy few years for Houston. They’ve seen one the biggest energy crashes in recent memory, but also one of the most vibrant and downright frenzied real estate markets ever witnessed.
Even in the middle of an unprecedented economic slump in the energy sector, the real estate market seemed to go largely unscathed, with prices surging and demand at an all-time high.
Competition remained steep into 2016, inventory was well below normal levels, and construction could barely keep up. But well into the summer, where are we? Where does Houston stand? Has the energy market finally dragged real estate down with it?
And if it has, is it necessarily a bad thing?
We’re here to catch you up on what’s been going on with all things Houston real estate.
4 min read
No one can deny that Houston’s been hit hard by the oil crisis. Harder, in fact, than the disastrous crash of the late 80’s. That crash saw oil prices drop from $35 per barrel ($101 in today’s terms, adjusted for inflation) to under $10 ($22 in today’s dollar).
According to NASDAQ, oil sat at around $30 a barrel as of February 2016. In June 2014, a barrel cost nearly $114—a significantly greater drop than the crisis that brought Houston to a standstill 30 years ago.
Naturally, people are worried. The energy sector has been hit hard, and we don’t want to downplay the crisis, particularly for those experiencing layoffs or having to close their doors. But for our purposes, we look at how the oil industry is hitting the Houston real estate market.
While it can be really easy to listen to doomsaying, there are a few things we have to remember to keep things in perspective.