Real Estate in Houston

The Houston housing market entered 2020 off of a momentous record-breaking run the previous year.

2019’s single-family home sales surpassed the previous year’s record volume by almost 5%. Main drivers include:

• low mortgage interest rates

• healthy employment growth

• stable supply of homes

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Job growth is the leading indicator of real estate stability. In 2019, over 92,000 people (about 250 each day) moved to Houston because:

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• 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