Houston real estate market
Aug 5, 2006, 22:28

Houston, Texas is currently the 3rd largest housing marketing in the United States. The growth rate in the city is astounding. In the past year alone more than 61,000 building permits have been issued. The demand for housing is increasing dramatically and expected to continue over the next few years.

One of the things that caused the spike in Houston real estate is the misplacement of people because of Hurricane Katrina. The hurricane devastated the city of New Orleans and let many people homeless. A great number of these people relocated to Houston causing the real estate industry to spike. The mass migration caused a boom in the Houston real estate market. The increase in demand for Houston real estate makes the city one of the most profitable for investors right now. 

Whenever a great number of people move to an area within a relatively short amount of time, there is a subsequent growth in the housing market. This is the case with the Houston real estate market. Following such a mass migration is the best time for investors to invest in real estate in that area. This one of the things that makes Houston real estate so desirable right now.

The average home price for Houston real estate is $141,000. This price is well below the national average for home prices. It is also extremely affordable for people migrating to the area. These factors in conjunction with the growth rate that the area is experiencing make Houston real estate prime for real estate investors. There is a great opportunity for investors to make significant profit in Houston real estate investment. 

When so many people moved to the area at the same point time, the Houston real estate market was not able to supply the number of houses necessary to meet the demand. Real estate investors can capitalize on this situation. 

Since the population increase is what caused the Houston real estate market to take off, it unknown what will happen when everyone who migrated to the area have found housing. It is highly unlikely that there will be a steady amount of people moving into the area. Because of this, profits from investing in Houston real estate might be difficult to sustain for an extended period of time. The best strategy for investors is to get in and out of the Houston real estate market as quickly as possible.

Investors still have a chance to purchase Houston real estate while homes are still relatively inexpensive. They may even be able to hold property for a few months while the market continues to grow. Investors can wait for the real estate market to increase between 10% and 20% and then sell holdings for a higher gain than would have otherwise been received. Higher profits can be seen by investors that are able to ride the wave for a few months rather than make quick turnaround on properties. Now is the time for investors to get in on the booming Houston real estate market.

You can now search rental property and investment property in Houston Texas.

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