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TexasGulfCoastOnline.com Reveals the Reasons Why the Texas Coast Real Estate Market is so Hot
Texas Gulf Coast, TX (PRWEB) July 20, 2008 -- TexasGulfCoastOnline.com reveals the reasons why the Texas Coast real estate market is so hot.
Using factual evidence and wisdom from some of the nation's most successful investors and economists, this article demonstrates why "the Texas Coast has become the nation's most promising emerging vacation home market."
It says that Texas has strong market fundamentals and despite "the negative press on the nation's housing woes, there have never been better opportunities in such a clearly solid market poised for a great future."
It goes on to list the different fundamentals such as Texas population growth, strong economy, job growth and affordable oceanfront property among others.
According to Mike Stuart, CEO TexasGulfCoastOnline.com, "When you have the fastest growing state in the country, the most successful economy, the most affordable oceanfront housing, strong rental demand, steadily appreciating property values, a wide diversity of location lifestyles and housing products and an emerging resort market that is remarkably transforming at a record pace -- you have the recipe for wealth creation on an unprecedented scale."
Successful investors such as Kieran Trass, author of "An insider's guide to real estate hot spots" and Donald Trump, author of "University's Real Estate 101 course on building wealth with real estate investments" are quoted in the article.
"According to the criteria that Trass uses to identify real estate hotpots; he is describing the Texas coastal market to a 'tee'."
Donald Trump specifically identifies Texas. "As to my own investment objectives, I look for at least four good sources of return: (1) cash flows, (2) appreciation, (3) added value, and (4) amortization. In my view, many Texas and non-coastal Florida properties, commercial and
residential, offer promise."
Dr. Jim Gaines, research economist for the Real Estate Center at Texas A&M University, says in the latest issue of Tierra Grande magazine, a periodical sent to all the state's real estate licensees, "Events and circumstances point toward a Texas-sized boom between 2005 and 2030." "The state's population and economy -- as well as its housing and commercial real estate markets -- are poised to explode in volume and prices."
As good as Texas national market fundamentals are now, we can imagine how good they will be with the trillion dollars expected to be brought in by "investment capital pouring into the region from innovative new projects like oil billionaire T Boone Pickens's wind farm power plan, the already in-progress Texas crude oil refinery capacity investments of over 20 billion dollars, new nuclear plants, and the projected benefits of our recently approved NAFTA super highway".
For additional information on the article that is the subject of this release, you may contact Mike Stuart or visit TexasGulfCoastOnline.com. A copy of the report may be obtained at http://www.texasgulfcoastonline.com/News.
TexasGulfCoastOnline.com provides real estate information and analysis for the entire Texas coast including Bolivar Peninsula, Crystal Beach, Galveston, Corpus Christi, Mustang Island,Port Aransas, Rockport, South Padre Island, Port O'Connor, Palacios and McAllen Texas resort areas.
The company tracts and analyzes market data together with actual MLS sales and listing data for the entire Texas Gulf Coast.
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