If you want to invest in an area that has the greatest potential for job growth; Houston is headquarters to 25 of the Fortune 500 companies.
Texas and California are home to 57 Fortune 500 companies each, tops in the nation. Houston has 25 on this year’s list alone. Last year, Texas boasted the most Fortune 500 companies within its state boundaries.
Read more on this phenomenon by clicking here.
If you want to invest in an area that has a rising population growth:
The Institute for Regional Forecasting [IRF] predicts that 3.7 million people and 1.5 million jobs will be added to the eight-county Houston MSA over the next 25 years. Additonally, Houston will experience a growth at 2.5 percent per year between now and 2020, increasing the population from its current 5.1 million to 7.4 million.
At the same time, 700,000 jobs will be created in the area, according to the IRF annual long-term forecast. By 2035, IRF estimates that the area will include four million jobs and 9.5 million people. Houston will also continue to follow a decentralization trend, with suburban counties receiving a growing number of new jobs and population growth. These counties have recently captured about 44 percent of all employment growth and 51 percent of all population growth. For more on the story, click here.
If you are looking for real estate with long term growth potential, look in the Houston MSA area. To search for homes available in Houston and to find advice and counsel through a real estate professional, go to www.GaryGreene.com.