What Can You Expect in 2014?

Welcome back! I wanted to do one final video for 2013. As we roll towards the end of the year, I want to personally say “thank you” for all your support, friendship and referrals. It has been a great year and we’re looking for 2014 to be a bang-up year as well. If we look back on 2013 ending in October, Houston added 79,000 jobs and 2014 is projected to add 70,000 more jobs. That may seem like a drop, but 79,000 was not a sustainable number. Another interesting number provided by the Greater Houston Partnership is that Houston will add another 125,000 residents on a consistent yearly basis. Oddly enough, 65,000 of those residents are from births alone.

As the city grows at a rapid pace, what does this mean for real estate? This will bring more demand in the coming years and next year is expected be another big year for real estate. Inventory is at an all-time low; inventory now is lower than it was two weeks ago. If the market is anything like it was last year, the market exploded much earlier than normal; our spring started in February and we expect the same. If you’re thinking about selling your home, you may want to put it on the market before spring to beat the competition.

Stay tuned for my Crystal Ball report. Thanks and have a great day!