Where the Jobs Will Be-Houston at #3
From Forbes Magazine: Manpower surveyed the top 100 communities in the US for general sentiment from those employers what their plans for employing in first quarter of 2012.
The results can be found here: http://www.forbes.com/sites/susanadams/2011/12/13/where-the-jobs-will-and-wont-be-in-2012/
Good news for Houston, Texas as it has been throughout 2011. I suspect the rental markets will be good and getting better throughout ’12.
Call me if you are interested in more news for the housing market here in Houston.
Gae Bowman/Driscoll Bowman
Driscoll Bowman @ 713-553-4771
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Area job numbers look good, but is it really a boom? – Houston Chronicle
Just last month, the commission reported that Houston was growing at an annual rate of 2.6 percent, adding 66,300 new jobs from September 2010 to September 2011. “That is getting close to what you can say is a boom,” said Barton Smith, professor emeritus of economics at the University of Houston. See the full story from the Houston Chronicle….
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Houston Assoc Realtors Oct. 2011 stats
From Ted Jones, economist at Stewart Title Co.: Houston–the Teflon® Economy and Real Estate Markets—A Few Scratches, But the Bad Stuff is Not Sticking and We Keep on Cooking | Inside Policy & Politics | a Chron.com blog http://bit.ly/s80zy5
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CATEGORIES |
October 2010 | October 2011 | PERCENT CHANGE |
| Total property sales |
4,420 |
4,815 |
8.9% |
| Total dollar volume |
$867,182,719 |
$961,640,986 |
10.9% |
| Total active listings |
53,039 |
46,674 |
-12.0% |
| Total pending sales |
2,821 |
3,092 |
9.6% |
| Single-family home sales |
3,741 |
4,080 |
9.1% |
| Single-family average sales price |
$206,165 |
$208,506 |
1.1% |
| Single-family median sales price |
$150,000 |
$150,000 |
0.0% |
| Single-family months inventory* |
7.7 |
6.6 |
-14.1% |
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Houston gained the most private sector jobs in the U.S
Apparently Houston along with San Antonio, Austin, & the El Paso area have faired positively for job growth since the recession in 2007 began. Houston gained the most, 23,000 between September 2007 and September 2011. The largest job gain than any other metropolitan city in the United States as reported by the Labor Department of the federal government. In contrast L.A, Ca., lost 447,800 private sector jobs in the same period.
It’s good to be in Texas! 
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Who Is Wall Street Supporting?
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CNBC
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While you await tonight’s CNBC GOP debate, it is worth remembering that President Barack Obama is still the favorite of the financial sector.
As the Washington Post recently reported, Obama has accepted more money — more than $15.6 million — from these people than all of the Republican presidential aspirants combined (aided significantly by the fact that contributors can give to both Obama and the Democratic National Committee). No wonder Opensecrets.org ranks the financial sector as one of the five most generous industries in contributions to the Obama re-election effort. By comparison, the most successful GOP fundraiser, Texas Gov. Rick Perry, has generated a mere $2 million from the Wall Street fat cats. Obama has even gotten more campaign money from Bain Capital, the consulting firm Romney managed before becoming a presidential candidate, than Romney has. … Continue Reading
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How Houston Dodged the Housing Bubble
We are starting to see out-of-state license plates again … Houston is not really a tourist destination, so people coming from out of town are moving here.
–Carlos Bujosa, chairman of the Houston Association of Realtors
Average price in Houston is $224,110. That is a tremendous discount to any of the largest metro-plexes in the US. Pretty remarkable, considering the downtown affecting other states and cities. It’s all about price moderation, and Houston & surround vicinities are all that.
As the this synopis indicates, read further here at Inman News. Give us a call when you need more detailed information on a particular part of town.
Thanks,
Driscoll
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The Law That Governs Government
The Ultimate Authority Over The Government We Have
A synopsis of a well written treatise on the governing authority over what the government can and cannot do. It also details how it is up to the governed to hold them feds feet to the restricting authority of the constitution.
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Housing starts surged 15% in September to the highest level in 17 month
New housing starts jumped 15%, this is from MarketWatch: http://www.marketwatch.com/story/us-housing-starts-jump-15-hit-17-month-high-2011-10-19?siteid=bnbh
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Houston-Area Home Sales Rise For A Fourth Straight Month
Single-Family Homes Update For September
September sales of single-family homes in Houston totaled 4,635, up 16.9 percent from September 2010. This marks the fifth increase of the year following an 8.5 percent gain in January, 1.3 percent rise in June, and 15.2 and 28.3 percent increases in July and August, respectively. On a year-to-date basis, sales are ahead 3.2 percent.
Broken out by segment:
September sales of homes priced below $80,000 rose 11.4 percent; sales of homes in the $80,000-$150,000 range climbed 21.8 percent; sales of homes between $150,000 and $250,000 were up 18.7 percent; sales of homes ranging from $250,000-$500,000 jumped 26.8 percent; and sales of homes that make up the luxury market—priced from $500,000 and up—advanced 2.3 percent.
Lease Property Update
September saw continued elevated demand for lease properties throughout the Houston market. Single-family home rentals rose 17.4 percent compared to one year earlier and year-over-year townhouse/condominium rentals jumped 30.0 percent. HAR has reported for several months that this demand has been largely fueled by steady improvement in local employment numbers, with REALTORS® observing a surge in consumers relocating to Houston from around the U.S. The Texas Workforce Commission recently reported that the Greater Houston area gained 65,000 jobs from August 2010 to August 2011, a 2.6 percent increase.
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