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Houston Has the Healthiest Housing Market of 2013

Houston Has the Healthiest Housing Market of 2013. Houston ’ s housing market is predicted to be the nation ’ s healthiest for 2013 by Trulia economist Jed Kolko.

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Houston Has the Healthiest Housing Market of 2013

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  1. Houston Has the Healthiest Housing Market of 2013 • Houston’s housing market is predicted to be the nation’s healthiest for 2013 by Trulia economist Jed Kolko. • Kolko explained: “The healthy markets that made the list have strong job growth (Bureau of Labor Statistics), which bodes well for housing demand; low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; and low foreclosure inventory since foreclosures tend to hold back recovery.” • Kolko is particularly bullish on Houston because it has some of the fastest job growth in the country. • The complete Trulia findings are available here.

  2. Houston Named Best City for Career • A survey by employment website Monster.com ranked Houston as the best city in the U.S. for a career in 2013. • For its analysis, Monster.com consulted information about wage and employment potential from PayScale.com. • The PayScale Index analyzes wage growth by metro area. Katie Bardaro, Director of Analytics at PayScale, said the industries experiencing the most significant growth are IT, biotech, and oil and gas. "All three industries are experiencing increased demand for their products and services, which means they are hiring and paying accordingly," Bardaro says. • Houston came in at No. 1 in the survey with an unemployment rate of 6.3 percent and wage growth of 3.9 percent. • The study concluded that of Houston’s many industries, the biggest boom is taking place in oil and gas, which has had the most positive impact on wages. Popular jobs in Houston include petroleum engineer, petroleum geologist, geophysicist and drilling engineer.

  3. Weekly HAR Market Stat The results are mostly in and the evidence is overwhelming. Housing not only outperformed most other sectors of the economy, but for the first time in half a decade, there was meaningful market recovery in 2012. For 2013, a few things seem likely. Expect interest rates to remain low and rents to rise, which will continue to drive buyer activity. Sellers should return to the marketplace in light of the improvements. Prices should remain firm and show moderate to strong gains. Foreclosure activity and job growth remain wildcards, but momentum is heading in the right direction. In the Houston region, for the week ending December 30: • New Listings decreased 37.0% to 674 • Pending Sales increased 14.8% to 762 • Closed Sales decreased 22.9% to 1,065

  4. Power Your Business with Social Media • HAR Social Media Boot Camp • This course will help REALTORS® better understand the marketing capabilities that social media can provide. Students will learn how to brand themselves and use social media to get more exposure for their listings. It will cover a broad array of different social media platforms, giving the REALTORS® multiple options for marketing purposes. Upon completion of this course, students will receive their Social Media Pro certification. • Date: Thursday-Friday, Jan. 17-18 • Time: 9 a.m. – 4 p.m. • Location: HAR Central • Investment: $149 Questions? 713-629-1900 ext. 6 Register at www.har.com/edu

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