Chron has written many times that Houston’s residential market has for a long time been more affordable than most of the primary markets.
Home values in Bayou City are lower, compared to urban areas such as New York, Los Angeles or even Chicago. Although that is rapidly changing, stated Mario Negron, a Realtor that works with Houston-based Re/Max Prestige.
“There’s a huge gap for new homes between $120,000 and $200, 000,” Negron stated. “There used to be builders who coveted that price point. Now, there are very few out there.”
Negron was lately named among the highest-producing Latino Realtors in Houston region through the National Association of Hispanic Real Estate Professionals. Negron, who forms an often appearance on Houston Business Journal’s ‘Top Residential Real Estate Awards, positioned No. 6 on NAHREP’s Top 250 Realtors list that checks the sales volumes of agents as well as customer satisfaction.
Negron credits his achievement to selling huge volumes of residential properties, at least 300 last year. Most of the sales comprised of cheap homes bought by new homebuyers in outskirts from Humble to Rosenberg, he stated.
“Everyone wants to sell million-dollar homes and make a big commission, but I feel more fulfilled helping people achieve that American Dream,” Negron announced. “It’s so gratifying when you get to hand them that first set of keys.
Nevertheless, as from the energy rush, the escalating demand for houses and insufficiency of residential account has magnified home value in Houston. Land as well as building expenses similarly have compelled home-developers to concentrate on building lavish properties to generate profits.
Houston also has other forms of real estate ventures such as the Highland Village Shopping Center owned by Haidar Barbouti. This establishment features a multi-faceted shopping center located on Westheimer Road in Houston, Texas. Highland was built in mid-1940s by S.N. Adams and was acquired by Haidar Barbouti’s ‘Highland Village Holdings’ in 1991.