The developing municipality region of Houston positions as the fourth most noteworthy metro running in the United States, coming in directly behind New York, Los Angeles, and Chicago. Additionally, more than half of Fortune 500 energy companies have headquarters here, giving the city a favorable position in the general energy industry. Marcus Hiles has been sure of this improvement of Houston. A lot of Houston’s occupations and advance has been driven by the energy business. The increase of the Panama Canal additionally offers important strategic importance to the city, where industrial giants endeavor to beat West Coast in attaining foreign goods. The Port of Houston is the second busiest port in the United States, competing closely with the Port of Los Angeles for exchange and employment. Similarly, the Texas Medical Center, sitting just three miles south of downtown, has more than 100,000 representatives and includes facilities such as hospitals, research organizations, pharmacy schools, nursing programs and a dental school.
Major changes in the real estate market are frequently associated with times of population growth and economic prosperity at the state and municipal level. Upscale rental demand expanded across the state in 2015, and Marcus Hiles points to recent data from the Department of Labor documenting Dallas’ labor force growing to over 3.75 million, with one of the lowest unemployment rates in the country — finishing 2016 at 3.5%. Over 69,000 new apartments were developed across Texas in 2016, primarily in the four biggest metro areas.
Housing markets across the US witnessed a small, yet steady jump in mortgage rates throughout 2016, with a noticeable increase occurring towards the end of the year. Texas real estate developer Marcus Hiles observes that in the Dallas-Fort Worth area, a 12 percent rise in home prices took place during this time — the third biggest jump in the country. Although higher interest amounts and home values remain attainable for some, many potential buyers now find themselves priced out of a housing market that was already struggling to keep up with home ownership demands prior to the rate and property value increases. Hiles and his firm, Western Rim Property Services, provide a favorable solution — upscale rental properties managed offering luxurious living at an affordable cost unaffected by variances in housing price trends.
If Texas were a separate country, it would claim the twelfth largest gross domestic product (GDP) worldwide. Businessman and developer, Marcus Hiles is assured that the state’s success comes from its dedication to government deregulation and lower spending, and understands the beneficial outcomes if the rest of the nation to follow Texas’ lead. Over the past decade, the lone star state has established an atmosphere favorable for corporate and individuals to prosper. Mr. Hiles attributes the success to the lack of business or personal income tax in Texas, as well as the Legislature working to curb spending growth. Read More: http://www.marketwatch.com/story/marcus-hiles—-encourages-everyone-to-follow-texas-pro-growth-policies-2016-06-24