Hurricane Harvey’s impact on commercial real estate

Hurricane Harvey inflicted heavy damage to commercial real estate in Houston 1-2 days after making landfall near Corpus Christi, Texas on August 24th. The Category 4 hurricane’s path took it over southeast Texas and deluged Houston with almost 50 inches of rain in a five day period. Although CRE took a very heavy hit, the …

Continuing modest growth, tight supplies aid the CRE market

The commercial real estate market has experienced strong growth in the past several years. CRE market growth is expected to continue into 2017, buoyed by a steady economy. Experts believe it will continue in several sectors due to tight supplies in single family and multifamily realty as well as continuing growth in professional services. Analysts …

Houston area real estate showing both contraction and growth.

The Houston area commercial real estate market continues to recover from the drop in oil prices that took place back in late 2014. Growth has varied significantly according to sector, with energy and Class A multifamily taking the hardest hits. Sectors such as Class B and C multifamily, retail, medical and industrial have continues to …

Texas’s hot housing market set to continue into 2017.

The housing market in the state of Texas is set to continue its winning streak into 2017. 2016 was a record setting year in the state for homes brought, with almost 325,000 homes sold. Those homes went for record prices as well, with the average selling price of a home rising to $210,000. Both the …