Texas was the top state in the country last year for corporate relocation and expansion, winning the Site Selection Governor's Cup (http://www NULL.conway NULL.com/press/110301_Governors-Cup NULL.htm).
There were more than 400 new or expanded projects in the state in 2010 – a jump of 50 compared to 2009 – which helped propel it past four-time defending champion Ohio for the top spot.
"Gov. Perry has worked diligently in recent years to make his state pro-business, which is why Texas ranks as high as it does on matters of interest to site selectors," says Mark Arend, editor in chief of Site Selection. "The Governor's Cup is a clear example of this."
The Houston real estate market also remains very attractive to those looking at commercial properties. According to the report, Houston finished second, behind only Chicago nationwide among cities with more than 1 million people.
The results of that can be seen in industry predictions for various types of Houston properties. According to CoStar, Houston ranks among the top 10 markets nationwide for office, industrial, multifamily and retail.
Houston ranks second nationwide for corporate relocation
Texas foreclosure sale rates below the 2010 national average
The Texas real estate climate continues to be better than the national market, as the sales of Houston foreclosures continue to be lower than average.
According to RealtyTrac (http://www NULL.realtytrac NULL.com/content/press-releases/2010-year-end-and-q4-foreclosure-sales-report-6402), foreclosure sales are 25.96 percent of all home sales nationwide. The average for the state of Texas is 12.88 percent. This is reassuring for prospective Houston-area residents, as it may show the housing market improving in the area.
Despite this, the national average is still struggling. James J. Saccacio, chief executive officer of RealtyTrac said that while foreclosures are still prevalent, they continue to sell for less than the average price. With less consumer demand, market will be sluggish.
Saccacio added, "The catch-22 for 2011 is that while accelerating foreclosure sales will help clear the oversupply of distressed properties and return balance to the market in the long run, in the short term a high percentage of foreclosure sales will continue to weigh down home prices."
Texas’ numbers are far lower than some other states. For example, foreclosures made up 57 percent of sales in Nevada.Foreclosure sales in Houston are actually more common that the rest of the state. According to the Houston Association of Realtors, they made up more than 20 percent of local home sales in January.
Relocating Tips
Accentuate the positive. Be upbeat.
Be flexible.
2. During The Move.
Schedule family recreation time to get away from moving stress.
Seek support from friends and family.
Eat regular, well-balanced meals. Hunger amplifies stress.
3. After The Move.
If you or a family member are having difficulty adjusting to your new surroundings after the relocation don’t be shy, consider counseling.
It takes a keen knowledge of the area to pinpoint the homes that supply your “desires” and also meet your “needs.” If you are relocating to Houston or its’ surrounding area (the Woodlands, Spring, Tomball, Magnolia, Conroe, Atascocita, and Kingwood. Please allow me to assist you and your family with your relocating needs. Email me at pattimace@pattimace.com (pattimace null@null pattimace NULL.com) or pattimace@sbcglobal.net or view my blog at http//www.pattimace.com.
Hope to chat with you soon…Patti
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