Every week, we ask a Houston real estate professional for their thoughts on the top three stories from the week before. This week, we featured Michael Zabrycki, Broker/Owner, Michael Zabrycki Real Estate Co., The Woodlands.
Houston Agent (HA): Do you see buyers becoming more competitive in Houston because of the low inventory?
Michael Zabrycki (MZ): Absolutely, we’re experiencing unusually low inventory. Even though the builders would love to go out and put down all the homes to meet that demand, it takes awhile to bring in all required labor. Today, our buyers are competing aggressively for every resale that comes in the market. It’s been this way for a year to a year and a half, and no one really sees anything changing in the near future.
HA: What markets in Houston are attracting more buyers?
MZ: The most appreciable growth communities include The Woodlands, and Montgomery County in general, Katy, Sugarland, Clear Lake area, Cypress, Friendswood and inside the Loop, including West University, Bellaire, Memorial Park and The Heights.
HA: Why do you think people are moving to the city of Houston?
MZ: It is no secret that Texas is one of the fastest growing states in population, and Houston particularly due to the rapid growth of jobs in our oil and gas industry, The Port of Houston, and our medical community. General affordability in our home construction industry is a huge draw. It is no secret that our cost of living is low compared to other parts of the U.S., which compliments a nice standard of living. Great jobs, great people and affordable homes make for a popular city to call home.