Houston Real Estate Blog

From the monthly archives:

June 2009

Are you considering relocating to Houston, Texas? If so, do I have some great news for you! Houston’s rankings in a variety of categories are extremely impressive. See the list below as reported by the Greater Houston Partnership:Houston #1

  • Top Metro in the Nation – Site Selection Magazine – March 2009
  • Best City to Live, Work and Play- Kiplinger’s Personal Finance – July 2008
  • Best U.S. City to Earn a Living – Forbes.com – August 18, 2008
  • Best City for Your Job – BusinessWeek – June 12, 2008
  • Best City to Buy a Home – Forbes.com – July 14, 2008
  • Best City for Recent College Grads – Forbes.com – June 26, 2008
  • Nation’s Healthiest Housing Market – Builder and Hanley Wood Market Intelligence – February 2009
  • Hottest Labor Market – Bizjournals.com – September 8, 2008
  • Nominal Job Growth (01/08 to 01/09) – U.S. Bureau of Labor Statistics, Metropolitan Area Employment and Unemployment – March 2009
  • Lowest Cost of Living Among Major Metro Areas – ACCRA Cost of Living Index – Third Quarter 2008
  • Largest IT Service Economy – Onforce, Inc. (VoIP Monitor) – December 5, 2008
  • Top U.S. Manufacturing Cities – Manufacturers’ News Inc. (as reported in the Houston Business Journal) – May 30, 2008
  • Most Accessible City for the Disabled – The National Organization on Disability – February 14, 2008
  • Top Local Government Green Power Purchaser – Environmental Protection Agency – July 2008
  • America’s Best Hospitals – Cancer, M.D. Anderson Cancer Center – U.S News & World Report – July 2008
  • Highest Population Growth in the Nation – U.S. Census Bureau (as reported in the Houston Business Journal) – July 10, 2008

Houston #2

  •  
  • Fastest Job Growth (01/08 to 01/09) – U.S. Bureau of Labor Statistics, Metropolitan Area Employment and Unemployment – March 4, 2009
  • Nation’s Top Export Markets – U.S. Department of Commerce – July 14, 2008
  • Number of Fortune 500 Headquarters – Fortune Magazine – April 2009
     

Houston #3
 

  • North American Cities of the Future – fDI Magazine – April 2009
  • Green Jobs – Global Insight – October 2008
  • Best Cities for Young Professionals – Forbes.com – July 09, 2008
  • Nation’s Most Charitable Cities – Charity Navigator’s 2008 Metro Market Charitable Analysis Study

Houston #4
 

  • Cities Where Your Nest Egg Goes Farthest – Forbes.com – October 2008
  • Best Big City for Business – Inc.com – July 2008
  • Top Ten Up-and-Coming Tech Cities – Forbes.com – March 10, 2008
  • Top Cities for African Americans – BlackEnterprise.com – September 17, 2007
  • Best Value in Private Institutions – Rice University – Kiplinger’s – February 2009
     

Houston #6

  • Top U.S. Real Estate Investment Markets – Urban Land Institute (as reported in the Houston Business Journal) – January 10, 2008

Houston #7

  • Best Cities for Jobs in 2008 – Forbes.com – January 10, 2008

Houston #10

  • The World’s Most Inventive Cities – BusinessWeek – April 2009
  • Top Ten Cities for Green Technology Innovation – Sustain Lane – March 2007
  • Top Ten Cities for Hispanics – Hispanic Magazine – August 2008

Best Cities for Jobs – Forbes.com – April 14, 2009

 

 

Great news Houston! According to the Houston Association of Realtors, single-family home sales reached the highest volume of 2009 in May. The average and median home prices rose to the highest levels since August 2008. Compared to May 2008, the single-family home median price rose 1.6% and the average price rose .03% to $213,474.

 Foreclosure sales, on the other hand, continued to decline in May. Foreclosures only accounted for 19.9% of all of the Houston areas single family home sales, which were at 34% in January. Similarly, the median price for May foreclosure sales were down 5.3% based on a year-over-year basis.

 Click to view the HAR Press Release.

We certainly seem to be on an upswing. At John Daugherty, Realtors, we not only met, but far exceeded our sales goals for May, which ended up just shy of $100 million for the month.   While we are certain to see up and down fluctuation during what we hope to be recovery mode, there is definitely much to cheer about. As always, we are very lucky to be in Houston, Texas! 

On Friday, John Daugherty was featured on Fox News, Wake Up Money and spoke about the Houston housing market. With pending home sales posting their biggest monthly jump in eight years, Daugherty remarked that this was good news for the whole country. Is it possible that the struggling housing market may be nearing a turnaround?

According to Daugherty, Houston has always been ahead of the curve.

“We’re in a very special city and have been for a long time. We’re in a diversified business climate,” says Daugherty. “Houston didn’t go through the crazy appreciation that the rest of the country did in the last four to five years.”

To read the entire story, and/or to watch the video, click on the following link:

John Daugherty Talks About Houston Housing Market

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