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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.
According to a recent report from the U.S. Bureau of Labor Statistics, Houston continues to be among the nation's leaders in terms of job growth.
Analysis of the Labor Department's data conducted by the Houston Business Journal's On Numbers division revealed the city added 267,400 retail jobs between June 2006 and June 2011, representing a 7 percent growth rate.
These figures place Houston in the top-three cities in terms of retail job growth. Furthermore, five of the top-six cities are based in Texas, according to the report.
While the high ranking is positive news for the city, it's growth has slowly lately. Between 2010 and 2011, the region's retail sector grew by 2.06 percent, which placed Houston in the middle of the pack of the 100 metro areas analyzed by the company. During this period, McAllen-Edinburg topped the list with a growth rate of 11.8 percent, followed by Austin at 11.4 percent. San Antonio was fourth at 4.1 percent.
The greater number of jobs available in the Houston region has directly affected the region's real estate market. With more residents employed, sales of Houston properties have risen, while median prices have also increased.
Builders say housing outlook brightForecasts about the nation's housing market picking up steam aren't solely the prognostications of survey estimates and so-called experts.January 25th, 2013 3:17am
December home sales solid in HoustonEven though December is typically filled with tasks related to purchasing items that can fit underneath a Christmas tree, consumers apparently had an appetite for large buys as well, including Houston homes.January 16th, 2013 5:44am
Texas attracts many households in 2012Texas is a beacon of economic and housing market prosperity, and continues to attract many households from across the country.December 21st, 2012 11:15am
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