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Search the Houston MLS to view over 50,000 Houston Properties for sale or lease. Find homes for sale, condominiums, townhomes, high rises, and homes for rent. Locate and research Houston commercial property, including retail centers, office buildings, industrial sites, warehouse space, commercial pad sites and other Houston land for sale.
The greater Houston Texas real estate market includes surrounding cities such as Baytown, Sugar Land, Galveston, Richmond, Katy, Missouri City, Pasadena, Kingwoood, Tomball, Cypress and the Conroe real estate market, as well as all areas encompassed by Harris County and the nine adjacent Texas Counties.
While the national economy appears on its way to recovery, a recent report finds that it may take the commercial real estate market another year to turn around.
A study by Prudential Real Estate Investors says that the commercial mortgage market will hit bottom this year with $2.9 trillion in lending, and then begin rising in 2012 to reach $3.3 trillion by 2015.
"The availability of debt is a critical element of the commercial real estate market," said Jack Taylor, managing director at PREI. "As commercial mortgage volume nears the bottom of the current cycle, we will begin to see activity pick up."
Despite the struggles in the market, a number of recent reports have said that for the time being, trophy properties in the Houston real estate market and other select cities will continue to drive the market in the coming months.
As lending in the market continues to stabilize, prices have already begun to rise. A report from Moody's Analytics earlier this month found that commercial property prices in the U.S. grew 0.6 percent in November - the third consecutive monthly gain.
Commercial real estate investors set to lower expectationsIn a sign that may indicate investors have run out of patience with the pace of recovery in the commercial real estate industry, a new analysis suggests they are ready to take on a revised mindset as far as expectations concerned.February 11th, 2013 4:48am
Commercial sector surges forwardWhile Houston homes have been purchased with great alacrity, the same can be said for the commercial sector as well, breathing new life into the Houston real estate climate.February 4th, 2013 5:03am
Houston named one of the must-watch markets of 2013While many local residential and commercial markets across the country continue to struggle, Houston was recently recognized as one of the top real estate markets to watch in 2013.October 18th, 2012 10:26am