Demand is one of the most important factors for good return on investment on rental properties. ... Pat started his career as Director of Marketing for a real estate data base company where he spent three years interviewing top brokerage houses throughout the United States and assisted in their automation needs as a consultant and instructor. 2020 Cap Rates by City: What Real Estate Investors Should Expect, Real Estate Investing Under The Trump Administration, Why Are Houses So Expensive in the US? Houston real estate is hyper-local. As we consistently tell our clients, one of the few reliable Houston market trends is that there will always be a flight to quality. Here’s the updated 2020 Housing forecast from realtor.com.In mid-December realtor.com released the annual 2020 housing forecast. The fact that Airbnb Houston remains legal is a strong positive force in this regard. No representations or warranties, either expressed or implied, are made to the accuracy of the information herein, or with respect to suitability, usability, feasibility, merchantability or condition of any property described herein. Houston Housing Market Forecast for 2019. We should see the same trend in: Looking at the Houston housing price trends from the 2016 elections, we anticipate seasonal slowdown this year. Will 2020 be more of the same? In times of fear, uncertainty, and doubt, we see a consistent flight to quality. We dubbed these the “5 Successful Investment Themes.”. What’s the Best Airbnb Analytics Platform for 2019? Moreover, they are relatively easier to finance than other property types. Here is the Houston Association of REALTORS® real estate market update as of December 3 2020. Related: Where Can You Find Airbnb Occupancy Rate Data for Real Estate Investing? We expect the 2020 election to have a minimal impact on home sales next year. Many builders and major remodelers I’ve talked with expect their costs to increase by 15-25% in these areas. Russia and Saudi Arabia flooded the world with excess supply. Given the volatility of the situation, the urgency of the response is critical. Houses (2 days ago) The Houston real estate market is now running 7.7 percent ahead of 2019’s record pace. So you’re hoping to buy or sell a home and want to know what the housing market forecast is like—especially after the coronavirus outbreak. Texas Real Estate Market 2020. This double whammy has put the American oil industry in a difficult position. By Lisa Bridges Apr 8, 2020. 2019’s single-family home sales surpassed the previous year’s record volume by almost 5%. Healthy leasing activity and increased investor demand for larger assets sets the commercial market in Romania up for a good start to 2020. Houston will be one of the most profitable locations for both traditional and Airbnb rental properties in 2020. Historically, it has taken 18 months before there is a material impact on the real estate market (e.g. I’m also concerned about the resale of several new construction condo projects. We’ve used Mashvisor’s rental property calculator to put together a list of the best neighborhoods for both long term and short term rentals. In addition, oil & gas exports are growing at an exponential rate, with the Gulf Coast being the … Both Freddie Mac and the real estate listing site Realtor.com predict mortgage rates will rise slightly in 2020. Romania’s real estate market is buoyed by one of the strongest GDP growth rates in the EU. Neighborhoods like Energy Corridor and The Woodlands still haven’t recovered from 2015. . increased Sphere of Influence and exposure to more potential buyers. Dirt-cheap oil could unleash a wave of bankruptcies, furloughs, and layoffs. Paige also serves a variety of non-profits, civic and community boards and was appointed by Houston’s Mayor to be on the downtown TIRZ board. Popular design trends include the use of mixed metals, transitional styling, and more contemporary lines. Houston Home » Houston. Serving Houston, Tomball, Spring and the surrounding cities. But real estate agents and economists cautioned that the outlook for the economy and the real estate market are uncertain. MENU. ... insider real estate tips and secrets. The real estate data from Zillow shows that the current median home value in Waco is $126,300. Up to date sales 2020 data on the US Housing Market and a look at where were headed. As recent as 5-10 years ago, the first step home buyers take is to call an agent. We don’t have a crystal ball. Houston’s economy should add 71,000 new jobs this year. There will be plenty of buyers who will think they got a good deal, only to find out it’s a disaster later. Article - Real Estate Center In this way, they will know that their tenants will have alternative employment options in case the energy industry takes a downturn. Benefitted from having multiple types of bidding (residents, builders, investors). With that, regions tied heavily to oil and gas are areas of concern. As we guide our clients in both helping them generate long-term wealth from their investment and living their best life, we want to quantify the successes (and failures) from the housing market. In addition, oil & gas exports are growing at an exponential rate, with the Gulf Coast being the … Related: Will the 2020 US Housing Market Be a Seller’s Market or a Buyer’s Market? These are the three most important factors driving the real estate market, and the reason I’m bullish on Houston this year. These are just some of the many questions we get about the Houston real estate market each day. According to the CDC, the main reason that COVID-19 is of higher concern is the pace at which it’s spreading: “The virus that causes COVID-19 seems to be spreading easily and sustainably in the community (“community spread”) in some affected geographic areas. We recognize this trend and have been incorporating tech in every single facet of the business. Indianapolis, Indiana, is a desirable secondary market . Published on 11/2/20. Buyers are in a good position to get amazing deals. Selling and buying a home in Houston is an intensely complex process, more people addressing field calls and questions from buyers and agents to facilitate a faster successful sale, efficient multi-tasking: One agent takes care of inspections and/or repair work, while another agent is focused on administrative details, multiple marketing channels using members’ networks, constant attention: guaranteed focus on your home and your transaction, lower risk for mistakes. Year-over-year, Houston-area home sales were up in October for the fifth straight month as … We find team approach as the most effective way to sell homes. She has been writing about real estate investing for a number of years. However, you should keep in mind that this is only the cap level cap rate, while the top neighborhoods in Houston for real estate investing offer significantly higher values. Where Can You Find Airbnb Occupancy Rate Data for Real Estate Investing? Explore Houston’s housing market, population, and employment trends in the tabs to learn more. You’re going to start seeing great deals in good locations in the next 3-6 months, 1 in 3 manufacturers in Texas are located in Houston, We’re ranked as the #1 seaport in North America, Houston is home to over 500 tech companies, Our city has the largest medical facility with over 360,000 healthcare professionals, Houston has the 4th highest # of Fortune 500 companies, 35% of publicly traded oil and gas companies are located in Houston. Furthermore, the return on investment metrics offered by Houston exceed those in other best places to invest in real estate in 2020. They have been featured on TV and in dozens of publications including: The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle. Once again, this is good news for beginner real estate investors as single family homes make for good, affordable, easy to maintain and manage first-time rental properties. Houston Housing Market Forecast: Smaller Gains in 2019 . We saw this last year, and we expect to continue seeing this trend in 2020. Houston real estate is hyper-local. Even allowing for a 50% decrease due to the upcoming elections, stock market corrections, the trade war with China, etc., Houston is poised to add over 40,000 jobs in 2020. Having sold over $500M of Houston homes, we've seen the good, bad & ugly and can help you avoid problems. Because real estate was deemed “an essential service” in Houston during the quarantine, the housing market held up much better than other cities across the nation. 5 reasons people are looking to invest in real estate in 2020 Whether you’re buying or selling, real estate is one of the smartest investments you can make. Correlating the growth of Houston population and home prices over the past two decades, I think 2020 will be a strong year for sellers, primarily because of the buying power of the average Houstonian. Our promise is to always give you the most candid advice on any property, to help you make the best decision for your family. And one survey ranked Austin as one of the hottest real estate markets in the U.S., in terms of long-range outlook. Key takeaways include: Estimated # of workers who lost jobs range between 7.3% to 9.6%, Accommodation and Food Services lost over 33,000 jobs; Retail dips by over 23,000, Areas (Sharpstown, Gulton, Greenspoint, etc) with a high number of people working in retail suffered significant job losses, Over 9,000 Construction workers lost jobs, many of them located in east Harris County, Job losses in retail are quite even all across Harris County, except the west side of the Interstate 610 loop, Low-income renters are among the most vulnerable populations. Finally, on March 29, 2016, WHO (the World Health Organization) terminated the status of the epidemic as an emergency of international concern.”. Do You Want To Buy A Home Now? 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