In the October 2007 issue of the Business 2.0 Magazine, Business 2.0 working in conjunction with Moody’s Economy identifies 10 cities that are poised for real estate appreciation in 2008 and 2009.Three Texas cities of Houston, Austin, and Dallas were all on the list.
The commonality amongst the cities on the list were relatively affordable, they missed the housing bubble but still enjoy steady employment and income growth. The article states that the cities did not draw speculators or investments the way the coastal markets did. In Houston, the authors of the article project a 4.6% appreciation in home prices in 2008 and 2009. The projected increase is fueled by the 100,000 jobs that the Texas Oil Capital added last year and the multi-billion dollar expansion of Houston’s medical center has created an influx of high earning jobs.
Other parts of the U.S. will soon know what we have known for some time and that is that the real estate market in Houston TX and its surrounding areas is still in very good shape. We have not experienced the wild ride of price appreciation and depreciation. Our market has experienced a small but steady price appreciation. Whether it be Houston TX, Spring TX or Kalamazoo MI, all real estate is LOCAL.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less