The Houston real estate market faired much better than the majority of the country during the Recession thanks in large part to the strong economy and jobs. Even the recent oil slump hasn’t put a damper on the development of new homes in Houston or the number of available jobs.
Recently Career Builder complied data on the largest 150 metro areas in the U.S. to gauge which cities had thebest job opportunities. Houston came in second place behind Provo, Utah. The other cities in the top 10 were (in order):
San Jose, CA
Salt Lake City, Utah
Houston homes for sale reflect this stable job market in their pricing and are one of the reasons why the city is so desirable for employees. Even though prices are slowly increasing, Houston still offers amazing value and a lower cost of living compared to other comparable metros.
One trend of note that points to the strong economy is the growing luxury home market all around the Houston metro area. Premier builder Sitterle Homes is investing heavily in the area with several upscale communities that include Roesner Woods in Katy, TX and The Pond at Cross Creek Ranch in Fulshear, TX.