It was late October when I visited Houston took these photographs. There was no hint of autumn in the air anywhere either during the day or at night. We drove casually through the neighborhoods of River Oaks and Tanglewood taking in the sights and sounds of these traditional planned communities just minutes from the hustle and bustle of downtown Houston. Real estate here is typically low on cost, high on value and always exceptionally high on delivery of upscale lifestyle on relatively modest terms. Houston is the world's 30th largest economy. Its economic base is diverse despite his reputation for oil-based business. This includes international business–of the worlds top 100 non-US corporations, more than half have operations in Houston. Only New York City has more Fortune 500 headquarters within its city limits.
Houston real estate inherently retains intrinsic value based not on speculative real estate prices but on the health and robustness of its local economy. Real estate in Houston was relatively immune to the housing bubble of 2006 and 2007 and it remains appropriately valued to the present. This holds true for both Houston luxury real estate as well as tract homes and condominiums.
Land-use in Texas is generous compared to most states which has contributed to the stability of the real estate sector throughout the state.
Houston real estate inherently retains intrinsic value based not on speculative real estate prices but on the health and robustness of its local economy. Real estate in Houston was relatively immune to the housing bubble of 2006 and 2007 and it remains appropriately valued to the present. This holds true for both Houston luxury real estate as well as tract homes and condominiums.
Land-use in Texas is generous compared to most states which has contributed to the stability of the real estate sector throughout the state.