Realtor®Jeffrey Adamson, expert in luxury properties in the Houston,
Texas market, works in one of the most competitive real estate markets
in the United States. The median home price in Houston was up 10
percent in 2015, at over $200,000, according to the Houston Association
of Realtors. As oil prices fell in 2015, it became increasingly more
affordable to build new dwellings, boosting the construction industries
and resulting in the need for construction workers and access to
undeveloped land. Perspective Houston homeowners have found themselves
searching far beyond the 610 Loop area of Houston for satisfactory
homes, as estimates have approximated even a tear-down property within
the Rice Military area to cost twice as much as a single family home in
Houston’s outer suburbs.
Understanding the history of
Houston’s housing market is vital for Realtors® like Jeffrey Adamson,
who specializes in today’s luxury downtown properties market. Many
Houston developers and realtors still remember the depressed housing
market of the 1980’s in Houston. “From 1981 to 1984, we lost 210,000
people who moved away from the city of Houston,” said Marvy Finger, CEO
of Finger Companies. Finger has built nearly 60 apartment and rental
complexes since 1958 in the Houston area. Finger estimates that the
occupancy in his properties during that period dropped by at least a
third. Other long-time Houston builders agree that the 1980’s were
difficult times for housing and real estate, including Robert Bland, the
founder of Pelican Builders, originators of some of Houston’s most
prestigious high-rises, mid-rises, and single-family home communities.
Understanding the history of
Houston’s housing market is vital for Realtors® like Jeffrey Adamson,
who specializes in today’s luxury downtown properties market. Many
Houston developers and realtors still remember the depressed housing
market of the 1980’s in Houston. “From 1981 to 1984, we lost 210,000
people who moved away from the city of Houston,” said Marvy Finger, CEO
of Finger Companies. Finger has built nearly 60 apartment and rental
complexes since 1958 in the Houston area. Finger estimates that the
occupancy in his properties during that period dropped by at least a
third. Other long-time Houston builders agree that the 1980’s were
difficult times for housing and real estate, including Robert Bland, the
founder of Pelican Builders, originators of some of Houston’s most
prestigious high-rises, mid-rises, and single-family home communities.