Home Sales in The Woodlands continue an Upward Trend!
renderings of Exxon's new campus provided by Exxon Mobil Corp
The employees from Exxon will not be moving into the new campus until early next year. However, homes sales in the local area have been steadily increasing according to HAR.
Local home sales hit a
new monthly record in July, according to the Houston Association of
Realtors. Contracts closed on more than 7,700 single-family homes. Shad
Bogany, chairman of the Texas Association of Realtors, says
neighborhoods to the north of the city are experiencing the fastest
growth.
"The Woodlands area seems to be leading the charge, and a lot of that has to do with the ExxonMobil relocation there, with the huge campus. As you get outside The Woodlands, for those who can’t afford it, Spring, things are picking up in the Conroe area, and [the U.S.] 290 [Corridor], that whole little pie-shape right there is doing extremely well."
He states that strong sales in and around The Woodlands reflect the larger trend of Houston’s job growth boosting the region’s housing market. The Texas Workforce Commission reported that Houston has added more than 309,000 new jobs since the bottom of the recession — more than double the number of jobs lost during the downturn.
"The Woodlands area seems to be leading the charge, and a lot of that has to do with the ExxonMobil relocation there, with the huge campus. As you get outside The Woodlands, for those who can’t afford it, Spring, things are picking up in the Conroe area, and [the U.S.] 290 [Corridor], that whole little pie-shape right there is doing extremely well."
He states that strong sales in and around The Woodlands reflect the larger trend of Houston’s job growth boosting the region’s housing market. The Texas Workforce Commission reported that Houston has added more than 309,000 new jobs since the bottom of the recession — more than double the number of jobs lost during the downturn.
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