Texas a healthy environment for businesses, report says

The Lone Star State was recently recognized as one of the best places for businesses.States with strong economies often also have successful housing markets, and when it comes to Texas, this is especially true.The Lone Star State was recently recognized by Forbes as one of the best places for businesses. Based on factors such as costs, labor supply, current economic client, growth prospects and quality of life. Overall, Texas ranked seventh on the list.As a result of the strong economic climate, many local metropolitan areas, including Houston, have seen notable gains in real estate so far this year.Most recently, during the month of October, there were 5,379 single-family Houston home sales, marking 17 consecutive months of increases, according to a report from the Houston Association of Realtors.”Home sales throughout Houston were incredibly strong in October and sent the supply of homes down to 4.4 months, which is the lowest level we've observed in 11 years,” said HAR chairman and CEO Wayne Stroman.Houston real estate prices have also increase significantly so far this year, and are expected to continue doing so next year. Prospective buyers should take advantage of current conditions before a transaction becomes more expensive. Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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