Houston Chronicle


- — Jeffrey Fawaz and Mike Elaridi, MJ Realty Group of Walzel Properties, 713-538-3983

Q: How would you describe the Houston housing market?

A: Unique. There is no better word to describe the current Houston housing market. Being one of the nation’s top-growing cities and the fourth-largest city in the nation, the housing market has yet to catch up with the economic growth.

Let’s take a minute to compare Houston with New York City, Los Angeles and the San Francisco Bay Area. How different are we? The Big Apple might be home to the world’s largest financial sector (Wall Street) and the Big Orange state contains the world’s leading entertainm­ent and tech industries (Hollywood and Silicon Valley), but between Houston’s largest cancer research and medical center, the oil and gas industry and one of the nation’s biggest ports, the Space City’s real estate market has just started to transform in recent years into the urban juggernaut it was meant to be.

Houston real estate market areas will continue to grow and develop, each having its own unique character and identity, from Montrose to the Heights to the Washington Corridor. Urban infill will continue to increase in new residentia­l pockets inside the Loop, followed by commercial developmen­t.

It truly is an exciting time to be in Houston and watch as the real estate market progresses.

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