The Houston Real Estate Market: Current Trends and Forecasts

Houston is a large and diverse city that offers something for everyone. Whether you're looking for an urban vibe or a family-friendly neighborhood, Houston has it all. The Houston real estate market is constantly changing, so it's important to stay up-to-date on the latest trends and forecasts. In this article, we will discuss some of the best neighborhoods in Houston to purchase a house or investment property. We'll also take a look at current trends and forecasts for the Houston real estate market.

The Houston real estate market has been on the rise for years, but it is no secret that Houston was affected by the housing bust of 2017. Hurricane Harvey flooded more than a hundred thousand homes in August 2017 and caused a freeze in Houston's real estate market. However, Houston has since recovered from this setback and is currently experiencing growth due to many factors, including a high-tech job market and affordable housing. 

According to Houston Association of Realtors (HAR), the Houston real estate market saw an increase in sales for single-family homes in 2019. Houston experienced a 6.3% price growth over 2018, and HAR expects Houston prices to continue growing at 4% in 2020. Houston's housing market is also drawing attention from investors due to its strong rental demand and low vacancies. HAR data shows that Houston had one of the lowest rental vacancy rates in the US in 2019, making Houston a great option for investing in real estate. 

So, if you're looking to purchase a house or investment property in Houston, there are several neighborhoods to consider. Houston is made up of more than a hundred distinct neighborhoods, each with its own unique features and attractions. Some popular Houston neighborhoods include Montrose, which offers an eclectic urban vibe; the Heights, which is known for its historic charm; and Clear Lake City, which has plenty of parks and family-friendly amenities. 

The Houston real estate market is constantly changing, so it's important to stay up-to-date with the latest trends and forecasts. By keeping abreast of Houston's current housing market, you can make sure that you're making a smart investment in Houston real estate. Houston offers plenty of opportunities for people looking to purchase a house or investment property, and with Houston's booming economy and growing population, Houston is an excellent place to invest in real estate. 

Houston's diverse neighborhoods offer something for everyone, and Houston's strong rental demand make it a great option for investing in real estate. Do your research on the Houston real estate market to find the perfect neighborhood for your needs, and make sure to keep up with Houston's current trends and forecasts for a successful real estate investment. With Houston's housing market on the rise, now is the perfect time to invest in Houston real estate. Happy house hunting!

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!