Katy makes the Gadberry Group’s top 5 position!

January 8, 2010

 

Group, renowned supplier of Household Level Geo-Demographics names their nine most notable high-growth areas in the nation from 2009 and guess what, our wonderful Katy is number 5. Click here to view the entire report.

Katy, Texas

Katy was one of the Top 25 candidates in 2008 and occupies the number five position in this year’s list. The area is second for absolute household change, adding 15,699 households since 2000, and was third for percent household change, increasing from 6,585 households in 2000 to 22,284 households in 2008, or 238%.

Katy tied with Mansfield for highest percentage of children compared to total population at 42%. It is also the most ethnically diverse of this year’s places, with no ethnic group having less than 6% of total households and all major ethnic groups growing more than 150% since 2000.

Those of us who live, work and play in Katy, TX are not surprised. Our growth has remained strong and constant. We are consistently recognized as one of the hottest real estate markets in the Greater Houston Area (which is also one of the hottest in the US).

Why Katy, you ask? What has led to this amazing growth? We have wonderful master-planned communities, terrific access to thoroughfares for your commute to work, close proximity to the huge energy corridor (a major employer in our area), one of the strongest school systems in the State, constantly growing retail, entertainment, dining, shopping opportunities and now, we are currently developing into a major medical area know as the Med-Center West.

So many reasons to love living here… and it is great to be given this national recognition. If you would like to know more about our area, please visit my web site www.ChristiBorden.com  or give me a call 832-368-5953.


Is Now the Time to Invest in Real Estate?

January 8, 2010

I always liked being the center of attention, even as a kid in my grandfather’s restaurant where I frequently accompanied the piano player – probably to the chagrin of those trying to enjoy their food.

I still get the same attention now – without the singing, mind you –  because my business is the business of real estate. When anyone finds out I am a Realtor, the subject of conversation invariably hits on “How is our market?”. I love this, of course, because it is one of my favorite subjects.

In reading today’s Tycoon Report, I came across a blog addressing real estate in Florida and how the economic indicators point to NOW as a terrific time to get off the sidelines and hit the field.

One thing you will note in this article is that the author addresses investment to “hold and lease” – much different from Speculation – which is the type of investing that got us into so much trouble. If you purchase property or any investment for that matter in anticipation of earning money from the short term sale of that property – you are a speculator. While in some areas of the country that gambit has paid off, most have seen  their dreams of instant wealth vanish before their eyes. I am still amazed at people that lost money through investments during the dot.com debacle with the attitude of “easy come/easy go” but when the same thing happened in real estate, they were shocked and felt that they “were done wrong” by some entity and should be “bailed out”. Why did they expect protections for speculating in real estate that they did not expect for stocks? Gambling is gambling, no matter what you wish to call it. While I love a go at the Craps tables occasionally, I promise you that the Pit Boss is not going to give my money back just because I do not know what I am doing!

Let’s take a look at real estate as a true investment without the specter of Speculation hanging over our heads. Purchasing a property to hold and lease no longer takes into account the sole expectation that the property will appreciate (there are no guarantees in this world) but sets the expectation for a reasonable rental income (backed up by factual past rental data for that particular type of property and area) and then perhaps the hope of some accrual of appreciation at the end of the life of that investment (icing on the cake but not the batter itself).

Self-Directed IRA’s could be a good way to fund your investment but you need to know that this is heavily regulated and you would not want to make an improper move that would endanger your IRA protections. I would talk to a Self-Directed IRA specialist before moving in this direction. Also note the words “Self-Directed”, meaning you need to know what you are doing. Hire a professional Realtor to assist with finding the best properties to meet your investment goals. Word of caution: Do not be tempted to jump on the latest Foreclosure just because it looks like a “deal”. There are many factors that go into finding a viable leasehold investment and “deal” is not at the top of that list.

All in all, now is a terrific time to investigate real estate as a long-term investment to add to your diverse financial portfolio. Good Luck!