Six Positive Aspects of the Houston Market

In the Realty News Report, editor Ralph Bivins outlined numerous positive aspects of the Houston real estate market despite the falling oil prices in 2015. Although there have been substantial layoffs this year and pressures on businesses alike, we can appreciate the strides made here in Houston.

  1. Houston’s Downtown Initiative was successful. By giving a $15,000 per unit break, our city was able to see a construction boom of eleven projects with $2, 729 units are now under construction. This will bring more business to retailers, restaurants, and so on.
  2. The Astrodome still stands! This historical Houston symbol is still planned to go under re-development, instead of demolishment. Rumors of plans for the dome are still in the works.
  3. Because of the low energy prices, upwards of $30 billion dollars are being spent to build chemical plants, which will create thousands of new jobs in the area.
  4. Daikin is building a four million square foot HVAC manufacturing plant on the northwest side of Houston that will create 4000 new jobs for Houstonians. It is the largest “tilt wall project” in the world.
  5. The University of Texas is in the process of purchasing 332 acres off the south loop of 610, near the Astrodome, for a sister campus. It is anticipated to bring much growth on the south side.
  6. Despite the falling oil prices, the Texas Association of Realtors says that 2015 is the best year for Texas realtors in history. The overall market has shown its resilience and ability to thrive.

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About fulshearrealestate

With over 20 years of working in the greater Fulshear/Katy market, RE/MAX Realty West has become an integral part of the community and the number one choice for clients to find their next home. We are intimately familiar with the rich history and the wonderful communities that this area has to offer, not only because we work here, but because this is the community that we, ourselves, call home. As a friendly, boutique office, our goal is to provide our clients with an unequaled level of service. Whether you are finding the right home or looking to put your current house on the market, RE/MAX Realty West can help you every step of the way. Our experience helps clients find the right home, in the right location. We specialize in the greater Fulshear and Katy communities including Weston Lakes, Fulbrook, Cross Creek Ranch, Fulshear Creek Crossing and Firethorne. We also serve the acreage communities along the FM 359 corridor, which include the quaint neighborhoods of River Forest, Texana, Woods Edge and Grand River. Additionally, we handle the large Katy Master Planned Communities including Cinco Ranch, Seven Meadows and Grand Lakes.
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