Small Houston businesses booming

Houston had the fourth fewest small business bankruptcies in the country during the second quarter.Houston's economy has remained strong during recent years, while many other areas of the country have struggled. Although a heavy presence from the energy industry has greatly contributed, there has been notable success on a local level as well.The city's small business bankruptcy rate declined significantly during the second quarter, according to Equifax's Small Business Bankruptcy Report. Specifically, the bankruptcy rate among these types of businesses declined 28 percent from a year earlier, which outpaced national gains.”The shrinking number of small business bankruptcies is not surprising,” said Equifax senior vice president and chief economist Amy Crews Cutts.Houston had the fourth fewest small business bankruptcies in the country during the second quarter. Despite this impressive outcome, there were still 388 filings during the three-month period, the report said.?Stability in the Houston real estate industry and economy continue to attract households from across the country. In fact, United Van Lines recently listed it as being one of the most popular destinations for families looking for a fresh start. With average home prices in Harris County averaging upward of $200,000 at the end of July, purchasing property in the area could prove to be a great investment.?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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