As has been highlighted in many government reports in recent months, Houston Texas has largely avoided the huge collapse in real estate values that the rest of the US has faced, and is poised for strong growth over the next decade. Prices are down slightly from the 2006 levels, but the market as a whole has remained stable. Jobs are strong, and the energy sector as a whole will continue to provide growth for Houston's economy for many years as we move away from fossil fuels into more renewable energy sources. Combine stable housing prices with stable jobs and growth and historically low interest rates, and Houston is clearly one of the best markets for your real estate investment.
I am personally acquiring single family houses in the North-West suburbs of Houston. This location is strategically chosen for multiple factors. First, I know the NW Houston market VERY well, and can spot a great deal a mile away. I put properties under contract at 50-60% of the actual value of the property to wholesale to other real estate investors for a fast couple grand profit because I find so many truly great deals that I can't buy them all myself. Second, it is furthest away from the coast so insurance is MUCH cheaper, and usually flood insurance isn't needed. Third, there are several great school districts, and great schools are what keep great communities great.
While no one knows for sure when real estate values will rise, you can buy Houston Texas properties at a large discount and be able to sell for a profit any time. Single family houses around Houston can be acquired at reasonable prices and provide you with steady positive passive income every month. Right now is a great time to buy. Experienced national real estate investors are focusing on Houston. Whether you are just getting started or have been in the game for year, now is the time to buy in Houston.
Matthew N. Miller is a real estate investor with over 10 years of experience. He is one of the premier real estate wholesalers in the Houston Texas area, and has tons of bargain properties you can buy at huge discounts: http://www.SecretHoustonRealEstateDeals.com.
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