We have heard a lot about the possibility of an economic turndown in the last few months. Our friends at Forbes.com decided to do a study about the best cities to withstand a recession. I am happy to announce that the City of Houston ranked #7 on their list.
The great state of Texas made quite a showing, with four of its major cities featured in the report. It was the only state to place more than one city on the list. This says a lot about the Texas economy and Texas real estate. The other Texas cities were San Antonio, Austin and Dallas ranking #2, #3, and #10 respectively.
Forbes studied 50 of the largest metro statistical areas. The primary criteria for determining a city’s stability were housing affordability, real estate market stability, unemployment and projected job growth.
All of the featured cities in Texas are experiencing a downturn in unemployment and an upturn in job growth. Our real estate market throughout the state is affordable with increasing home values in most areas. As to large metropolitan areas, the state of Texas has some of the most affordable housing in the nation.
Kingwood real estate is conveniently located just 25 miles from downtown Houston. Our community is one of the finest in the country. I do not believe there is any area in Texas or otherwise that can match it in regards to amenities, aesthetics or location.
If you are considering a move to the Houston area, then consider Kingwood and the surrounding area of Lake Houston as a place to invest your real estate dollar. You will not be disappointed.
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