In the last two months, we have seen seen a roller coaster ride with the social economic environment. However the real estate market in Houston and U.S. is pretty resilient and if we are going off some of the indicators for the economy, we are optimistic with what’s installed.
Here are why some of the economic factors points to a optimistic economic outlook – even with the headwind of a global pandemic.
Down Jones Up by +10.1% since Nov 8, 2020
If Down Jones is as an indicator, since Joe Biden was called by Associated Press on Nov 8, 2020 as the new President – Wall Street felt bullish and the stock market has been on a positive trajectory. On Nov 6, 2020, the last trading day on Wall Street, the market closed at 28,323.40 and on the close of the market after President Biden was sworn in, the market closed at 31,188.38.
Houston’s Strong Property Sales +27.2% in Dec 2020
What better way to compare apple-to-apples than comparing Dec 2020 to the same time last year, Dec 2019!
Property sales were up +27.2% comparing year-over-year.
Property dollar sales amount were up +39.3% year-over-year.
Those are some solid numbers that showed the resilient of the Houston real estate market, as reported by HAR.
We are optimistic for what 2021 holds for us and the Houston real estate as the vaccine distribution is on the way, and the $900 billion economic stimulus to help kickstart the economy and demand for homes in Houston as people flock away from high cost of living cities such as San Francisco to NYC.
About ApexPro Real Estate
ApexPro Real Estate Group is a full-service real estate brokerage specializing in single family and attached residential properties throughout Houston and the surrounding areas. We are a privately-held small business that brings together top agents, cutting-edge technology, and unparalleled service to help clients throughout Houston to buy and sell real estate — and enjoy themselves every step along the way. Our client reviews are exhibits our dedication to help our clients extends beyond the closing table and we would love to earn your business.