- Houston is the energy capital of the world, and the industry’s intellectual and financial resources continue to move to Houston.
- The City’s real estate fundamentals are strong and new projects are being well conceived and well capitalized (view the latest 3Q office report here).
- Houston still has a low cost of living compared to other major markets, it is culturally diverse and is filled with hard working nice people.
What does all this mean for Houston real estate? I think it bodes well. No doubt if oil prices continue to drop it will have an effect on job growth, however, Houston is fundamentally sound and is well positioned to handle whatever comes its way.