More housing options coming to downtown Houston

In recent years, demand for Houston homes in the downtown area surged.A large plot of land located in downtown Houston recently hit the market, which could result in additional residential options once developed.The land, which is roughly 110,000 square feet, accounts for nearly a block and a half. In addition to apartments, the land could also give way to more retail space for everything from clothing stores to restaurants.”Our desire is to continue to build the tax base in this area so the city benefits from this growth,” said Peter McStravick of Houston First Corp, according to the Houston Chronicle.In recent years, demand for Houston homes in the downtown area surged. Much of this demand comes from younger buyers, who want to shave time off their commutes and live close to nightlife and other entertainment.However, the downtown area isn't the only location with booming real estate demand. Across Harris County, single-family home sales surged 8.7 percent in September from the previous month, according to the Houston Association of Realtors. This reduced the area's property inventory to just a 4.7-month supply at the current sales rate.??? ?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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