Real estate in Houston is one of the best business ventures to practice for anyone passionate about helping people find homes and at the same time to make money off it. Houston has great potential – buying properties there is almost always a very good investment. Real estate investors from all over the United States come to Houston for that reason.
1. Population Growth in Houston
There is always a shift in population in US cities primarily because of economic factors. Houston has a stable economy and steady economic growth. Hence diverse opportunities lie in store there. Since 2010, Houston has had about a 4 million increase in population, and the numbers keep increasing regularly. Therefore, with these numbers, real estate is always in demand. The mortgage rates are falling, housing becomes even more affordable. The state of Texas has no income tax, this and everything else is what makes real estate in Houston, Texas prosperous and profitable.
2. Home Equity
In Houston, Texas, 60% of an average American family has a net worth in home equity. Homeowner’s networth is far higher than renter’s. Since the population is large, people keep buying and buying, why? Because it is worth the stress and hassle.
If you are looking to buy or sell real estate make sure to hire a real estate agent who will help you along the way. Buying or selling a home is not an easy task, you will need someone professional with great experience to help you and make sure the transaction goes smooth and you get what you desire. Max Melnikov is a real estate agent in Houston whose main objective is getting people the home of their dreams in a quickest amount of time. Hire Max as your realtor today, you won’t regret it!
3. The Houston Livestock Show and Rodeo
The city of Houston houses a number of companies, significant buildings and firms, establishments, parastatals, and among them are the Houston Livestock Show and Rodeo. This rodeo is considered to be the largest in the world. That, in turn, implies that a lot of tourists would be frequent there. It attracts over 2 million visitors annually. With that, real estate investment can never go extinct.
4. The Texas Medical Center
Among other establishments that Houston houses is the Texas Medical Center. It is referred to as the largest medical center in the world. The Med Center alone brings a local economic impact of $10 billion, with over 50,000 workers in the facility. All these people definitely have where they lay their heads to rest, at least 80% own homes. The facility is about 21 million sq feet, and about 45 million patients come yearly.
5. Companies in Houston
This city of Houston has about 20 Fortune five hundred companies and more than five thousand energy-related firms. In the whole state of Texas, it is safe to say Houston is the Energy Capital of the state and even of the whole country. All the energy companies have workers, employees that own or rent homes.
Houston is the largest city in the state of Texas and is the third-largest in the United States. There are several other interesting things about real estate in the city of Houston, like how the Port of Houston is ranked the United States largest port in inter Texas tonnage and ranked second in the total number of tonnages that exist. These facts are what make Houston interesting and one of the best places to practice real estate investment. Secure a place today in Houston with the help of real estate agent.