Houston HOUSING information on growth affordability and expansion.
- We have had steady population growth: Houston has experienced significant population growth over the years, which has driven demand for housing and people are still purchasing despite inventory being less than last year at this time. New construction has been the way to go for so many buyers this year.
- Affordable housing: Houston is known for its relatively affordable housing market compared to many other major cities in the United States. The cost of living, including housing, tends to be lower in Houston compared to cities like New York or San Francisco. There are great loan programs some up to 103% financing! Contact us at Revilo Real Estate to get you more information.
- Suburban expansion: Houston has seen a substantial amount of suburban expansion in recent years. Many people are moving to the outskirts of the city, where they can find larger homes and more affordable prices compared to the urban core. Thus again the New construction starts in the suburbs are booming, let us guide you through the process.
- Strong rental market: Houston has a strong rental market, with a large percentage of the population renting rather than owning homes. This is partly due to the influx of young professionals and students.
- Energy industry influence: Houston has a significant energy industry presence, and the health of the energy sector can impact the housing market. Oil prices and employment rates in the energy sector can affect the housing market dynamics in the city.
It's important to note that real estate trends can change rapidly, and it would be best to consult with us directly to keep you updated about the local real estate market for the most current information on the housing market in Houston, Texas.
