News & Articles


Posts from October 2012

Houston ranks fifth in U.S. in real estate investment potential, more growth expected

Posted on October 25, 2012 in

BY WHITNEY RADLEY

The Emerging Trends in Real Estate 2013 report is out and Texas is on top for real estate investment potential, according to the 900 industry experts surveyed by PricewaterhouseCoopers and the Urban Land Institute.

Houston moved up to No. 5 on in this year’s ranking of the top 20 markets to watch, up three spots from 2012 thanks to energy-related employment. The Bayou City saw massive job growth between 2007 and 2013, adding more than 300,000 jobs during that period.

“Houston is a winner,” said one survey respondent, and although the rank for homebuilding prospects fell by one spot from last year’s ranking, the industrial sector is ripe with buying opportunities.

The Bayou City saw massive job growth between 2007 and 2013, adding more than 300,000 jobs during that period.
Austin ranked No. 4 on the list, with further expansion of commercial real estate likely to follow an anticipated population increase next year.

Dallas/Fort Worth took No. 9, ranking only behind Houston in employment growth — by 2013, it will have added more than 230,000 jobs since 2007 — with one of the most diversified job bases.

Although San Antonio ranks only 19th for real estate potential, it took No. 5 for job growth over the past six years.


http://houston.culturemap.com/newsdetail/10-19-12-buy-now-houston-ranked-fifth-in-us-in-real-estate-investment-potential/

Houston Among Top 5 Real Estate Markets To Watch

Posted on October 23, 2012 in

Houston Business Journal by Olivia Pulsinelli
Date: Thursday, October 18, 2012, 6:30am CDT

By Olivia Pulsinelli
Web producer- Houston Business Journal

Houston is one of the top real estate markets to watch nationwide, a new report says.
The Urban Land Institute and PwC US on Oct. 17 released the Emerging Trends in Real Estate 2013 report. In terms of real estate investment prospect, Houston jumped from the No. 8 place last year to No. 5 this year, driven by energy-related employment. Half of those surveyed said the main buying opportunities in the Houston market are in the industrial sector.  The Austin and Dallas-Fort Worth markets also made the list.  Austin took the No. 4 spot due to its growing population driven by the “echo boomer” demographic. Dallas-Fort Worth ranked No. 9 due to its strong job creation — second only to Houston — and diversified job base.

The other markets in the top 10 were San Francisco; New York; San Jose, Calif.; Boston; Seattle; Washington, D.C.; and Orange County, Calif.  “With the outlook for commercial real estate continuing to improve in 2013, investors are expected to allocate substantial sums of capital to the real estate asset class, according to our survey respondents,” Mitch Roschelle, partner and U.S. real estate advisory practice leader at PwC, said in the Oct. 17 statement.


http://www.bizjournals.com/houston/morning_call/2012/10/houston-among-top-5-real-estate.html