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Pamela Efferson

Per the 2014 
Houston Business Journal There’s no doubt Houston’s real estate market has been on fire in recent years, and the Urban Land Institute predicts 2014 will be even better than the year before. 

The ULI ranked Houston the No. 2 market to watch in its “Emerging Trends in Real Estate 2014” report. That’s up from No. 5 in 2013. ULI’s reasoning is not that surprising: “Houston’s booming energy economy has fueled an active real estate market over the past few years, and survey respondents expect that to continue in the coming year.” 

While Houston came in behind San Francisco on the overall list, it took the top spot for investment real estate. Houston is the No. 2 market for home-building prospects and No. 3 for development. In the investment arena, survey respondents overwhelming ranked Houston a “buy” in all five property types: office, industrial, retail, apartments and hotel. Not surprisingly, the city saw its highest ranking in the apartment sector, ranking No. 1 on that list. 

Houston has seen a boom in apartment construction plans, the past few weeks, especially in the luxury arena. The city's highest score was in the industrial sector, but Miami beat it out for the No. 1 spot. As Houston continues to expand in 2014, ULI expects housing, nonresidential construction and a revival in exploration industries to be the key economic drivers. “Employment gains are projected to come from related manufacturing and professional services, as large companies relocate more of their headquarters operations to Houston,” ULI wrote. “Over the longer term, above-average population growth and expansion in energy, health-related and distribution industries will help propel above-average economic growth.” Other Texas markets moved around the list, as well, with Dallas-Fort Worth jumping four spots to No. 5, and Austin slipping three spots to No. 7. San Antonio moved up from No. 19 to No. 14.

Whether you are considering selling or purchasing a home you should always use the services of a full-time, professional Realtor.  As your real estate professional I am able to answer your questions about the home selling and buying process. I would love to be your Realtor, give me a call at 713-822-8555 or email anytime to Pamela@SellingHomesInHouston.com.

Pamela Efferson, Broker Associate – Realtor  

ASR, CSR, GRI, HRC, SRES

Member HAR, NAR, TAR, WCR

PAMELA EFFERSON PROPERTIES

Keller Williams Metropolitan

Phone: (713) 822-8555

Blog: http://blogs.har.com/Efferson

Web: http://www.SellingHomesInHouston.com


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Post Category: Home Marketing, Housing Market

Local : Timbergrove/Lazybrook

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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