Investors scoping for returns in real estate seem to have their hearts set on the Lone Star state — Houston in particular.
Houston ranked as the No. 4 city in the U.S. — fifth globally — in terms of real estate investment dollars overall in 2012. Over the past 18 months, the Houston buyer pool has gained steam, witnessing $8.8 billion of investment, up 32% from 2011, said a recent report by Jones Lang LaSalle.
The Houston market continues to draw an array of foreign and domestic capital sources. The 2012 employment boost saw gains of nearly 4% above its previous peak and approximately 100,000 new jobs were added from October 2011 to October 2012.
Experts believe that further expansion in healthcare, distribution facilities and energy services are indicators of long-term fertility in the market.
Read more...Investors scope Houston for real estate deals | HousingWire
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