Houston among U.S. cities with rising home values
Much has happened in the United States since the economic recession that plagued the country in the late 2000s. While many areas have recently displayed steady progress, Houston is one of a few metros that has reflected continuous economic strength. In particular, the city is displaying positive signs in its real estate market, as numerous buyers are attracted to the homes for sale in Houston.
According to The Business Journals, Houston's house price index increased 5.82 percent between the second quarter of 2007 and the same time frame in 2012. This city had the greatest house price index percentage uptick in the aforementioned period, and was only one of nine U.S. cities to display growth in this area.
While many portions of Houston reflect the city's economic success, The Woodlands has shown considerable strength in the past few months.
A look at The Woodlands' housing market
Culture Map notes that The Woodlands is one of several booming housing markets in the Houston area.
A local real estate professional told the source that many homes in this census-designated place (CDP) are priced at $350,000 or less, which could make these residences particularly appealing to a variety of property buyers.
"The Houston real estate market is hot right now and doing extremely well. The inventory is going down and prices are going up,” a local real estate expert told the news source. "People are moving to Houston and we are creating a lot of new jobs."
In 2010, The Woodlands had a population of 93,847 residents, the U.S. Census Bureau reports. Additionally, the CDP had a median household income of $103,229 between 2006 and 2010, which is more than twice the state's average during that period and also provides insight into the quality of life you might anticipate in this area.
The Woodlands is a great spot for people to live in the Houston area. This CDP is located about 30 miles north of downtown Houston, and the area is home to over 120 parks and features 200 miles of trails for biking, hiking and walking. However, property buyers may need to move fast to find their dream homes in The Woodlands, especially since the local housing market continues to expand.
"You'd be hard-pressed to find a market performing as well as Houston, even as the national housing recovery continues," a Houston real estate professional told the news source.