Houston positions as the fourth largest metro running in the United States, right after behind New York, Los Angeles, and Chicago. The city has had a strong advantage in the sector of energy because of half of the Fortune 500 energy businesses having headquarters here. Marcus Hiles has been idealistic about this development in Houston. A lot of Houston’s population growth, progress and development have been driven by the energy business. The expansion of the Panama Canal likewise offers prominence to the city, where industrial giants endeavor to beat West Coast in attaining foreign goods. The Port of Houston is the second busiest port in the United States, competing with the Port of Los Angeles for exchange and business. In addition to this, the Texas Medical Center, situated just three miles south of downtown, has more than 100,000 representatives and boasts of facilities such as hospitals, research organizations, pharmacy schools, nursing programs and a dental school.
As young professionals are buying a home later in life, Marcus Hiles plans for continued success of his communities and residents. Renting a home has become fashionable across all income tax brackets, and conveniences such as concierge services, fitness centers, club rooms, infinity pools, and tanning decks provide an upscale standard of living for successful young professionals and families. Community social gatherings and sustainable development have become a standard of living for environmentally friendly and socially connected millennials. Modern technology and the “Internet of Things” (IoT) is making townhomes and apartments a better option for Texans looking to live conveniently.
Because of a wide range of changing economic factors, mortgage figures have increased roughly half a percentage point to their 16-month high. According to New York Times contributors Patricia Cohen and Conor Dougherty, ”adding hundreds, sometimes thousands, of dollars to a home buyer’s yearly payments.” The went on to say that “The speed and size of the increase took many lenders and borrowers by surprise, and the increase is expected to reverberate across the housing industry, particularly if rates continue to rise next year.” Marcus Hiles encourages renting instead of undertaking the rising costs of purchasing a home, as such high rates can make it challenging for prospective buyers to afford the monthly payment and stay within their budget. Added expenditures caused by any necessary repairs, maintenance, or renovations will further stretch one’s finances. While the overall cost of an annual lease agreement may be slightly more expensive than a given year’s average mortgage payments, the overall financial burden is much easier to bear when renting, according to the U.S. Bureau of Labor Statistics.
Texas improved from the recession with job increases two years sooner than the rest of the nation. By January 2016 1.3 million jobs had been established since the employment peak before the recession. Marcus Hiles, knowledgeable property developer in the state, notes that the Texas Consumer Confidence Index (CCI), that calculates fiscal optimism through saving and spending habits is seeing significant gains over the rest of the country. The increase in the economic stability in the lone star state has resulted in a dramatic rise in housing sales and local communities. The cost of real estate went up by 5.9 percent over previous years. Read More: http://markets.ask.com/ask/news/read/32357697