JMG Magazine

The Latest in Real Estate with Jeremy Fain

by Jeremy Fain
| September 13, 2016 6:26 pm CDT

The question I get asked over and over again is, “How is the real estate market doing in Houston?” I love being asked this question because many people aren’t expecting the answer that I give them.  Many people are under the impression that what has recently happened in the oil industry has negatively impacted our real estate market.  Here’s the thing…  Houston has so many other diversified sectors that support the city that the real estate market doesn’t have to solely rely on the oil industry.  The medical and law industries are two other sectors that will never disappear and are currently growing giving a huge amount of stability to our city, not only to the residents but to the others that are brought to the city.

The market is so unbelievably healthy it’s hard to believe sometimes.  Does that mean that homes are flying off the shelves like they were a couple of years ago?  If they’re priced appropriately, in great condition, in desirable locations, then yes, they are.  Others are having to present themselves to the marketplace in a more realistic manner but as long as that happens and the home is marketed well, it will sell with no problem.  The overall message here is that the Houston real estate market is healthy and will remain healthy for a long time to come.

 

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