Sugar Land Real Estate Bubble Has Not Popped
Sugar Land, TX (PRWEB) August 22, 2006
Home prices in the Sugar Land Real Estate market have shown no indication of a down turn any time soon, unlike some other Real Estate hot beads. Markets like California, for example, where increases of 2% in a month could force a home cost up 6 to 8 percent just during construction phase, put to much upward pressure on the market. Industry experts predict this pressure will pop the well known “bubble” in some areas, and soon. The situation is not as extreme in Sugar Land where home values have increased but at a slow and continuous growth.
Reports of housing starts leveling off around the country are also not indicative of the Sugar Land area. There are over a dozen new construction projects in the Sugar Land Real Estate market alone, and some of them are having a hard time keeping homes in their inventory. Telfair, a large new construction project in the city, barely broke ground before announcements that all their inventory was about gone were all over the local news.
“The continued increase in homes values here in the Sugar Land Real Estate market give buyers great investment opportunities and sellers nice profits over time,” reported Don Burns, top Realtor in the Sugar Land area. “Buying or selling, Sugar Land is one of the best places in the country to be in the Real Estate market.”
The healthy Sugar Land Real Estate market is supported by a thriving local economy. Costs for goods and services remain low as compared to most of the country and interest rates are low as well.
It is no surprise that Money Magazine ranked Sugar Land the 3rd best city in the US to live. “While prices are on the rise here in Sugar Land, they still do not rival many other Real Estate markets,” said Don Burns. “When you combine great prices in an increasing economy with a better than average job market, great shopping and dinning, and a small town atmosphere, you just can’t do better than Sugar Land.”
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