“The stock of seriously delinquent homes and the foreclosure rate are back to levels last seen in the final quarter of 2008,” says Anand Nallathambi, president and CEO of CoreLogic, the housing-data firm. “The shadow inventory has also declined year over year for the past three years as the housing market continues to heal, including double-digit declines for the past 16 consecutive months.”
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If you’re looking to expand your portfolio or considering moving some of your cash reserves into real estate assets, Houston is the place. As the fourth largest metro area in the USA, Houston is extremely advantageous for property investors.
Rapid economic growth, population expansion, rising employment opportunities and an excellent quality of life for residents are just some of the factors that make Houston the perfect investment hotspot. As ‘a big city with a small town feel’ it’s easy to understand why so many people are gravitating towards this vibrant Texan city.
For us, Houston stands out as an area with undeniable prospects; prospects that will see your investment appreciate. Unlike other areas of the USA, which are at ‘bubble stage’, Houston offers a price point that is ideally positioned to give you reliable return for years to come.
We’ve studied the market in great detail and our existing investments only serve to demonstrate the accuracy of our forecasts. As a result, we are well versed when it comes to seeking out lucrative property gems in Houston’s best investment areas to deliver the highest degree of appreciation possible.
New to property investment?
Everyone needs to start somewhere and beginning your property investment journey can be a daunting task. There’s research to do and numbers to crunch, but that’s where we can help. UPI is the perfect starting point for anyone looking for full-service property investment. We will guide you through the whole process without the jargon, help you select property that will deliver a return on investment and mange that property so you can enjoy the rewards.
Houston is back among the top five markets in the Business Journals’ latest analysis measuring the economic health of major metropolitan areas, after slipping down the list in recent months.
Houston took the No. 5 spot in the Business Journals’ On Numbers Economic Index for July, up from No. 6 a month earlier. Since the analysis began in August, Houston made the top five in every month except for September and June.
The index is calculated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation, and construction and retail activity for all 102 metropolitan areas with populations of more than 500,000.
Houston had the second-strongest housing-price appreciation over five years of any of the metros, as well as the second-greatest private-sector job growth over the same period.
Meanwhile, Austin — which had topped the list for five months in a row — fell to No. 3, and Provo, Utah, jumped into the top spot. Dallas-Fort Worth climbed another place to No. 2, and Oklahoma City held its No. 4 spot.