Hello All,
Got a chance to see Mike Inselman speak (along with the rest of the Houston market) on Thursday. While I failed to take any notes (I'm not used to thinking like a blogger, yet), the main item I remember was a big one:
It is Mike's opinion that the Houston market is primed for a very good 2012. Of course, he's not predicting an immediate return of the halcyon days of the previous decade; but, he is very optimistic about 2012 in Houston, so read on to find out why.
Number one, the Houston MSA is basically back to pre-recession job levels. We have been creating far more jobs in houston than any other MSA.
Number two, MLS listings of available homes is at a low not seen in some time. (We're actually onm the verge of being in a seller's market!)
Number three, it is now actually cheaper to purchase a home rather than rent an existing single family dwelling or Class A apartment in Houston. Think about this last one for a minute. Read it again if you have to.
It all adds up to a bounce-back year for the new home construction industry in Houston!
That's all for now. Please check back in frequently (or hey, better yet, actually subscribe to my blog!). You can also catch me on Twitter @houstonhomeboy.
Until Next Time,
Houston Home Boy
No comments:
Post a Comment