Archive for Economic Upswing

Capitalizing on the Real Estate Boom in Houston, Texas

Real estate investors have been profiting immensely from the housing boom in Houston, Texas. Currently, the city leads the nation in housing development projects with this trend set to only intensify in the coming years, even as prices continue to climb through the roof. In fact, Houston experienced more new-housing starts in the past year than all of California combined. The only two cities barely challenging Houston are Atlanta, Georgia and Phoenix, Arizona. However, neither of these two cities feature a economy as strong as Houston’s.

New-home prices in the Texas city have reached historical levels, as the demand for new homes outpaces the current supply. This dynamic, analysts believe, will precipitate a growth in prices by approximately 5 percent per year. Savvy developers have capitalized on these market conditions by creating new suburban communities like Pomona, which was underwritten by Ross Perot Jr.’s firm Hillwood company.

Experts anticipate that Houston will experience at least a 13 percent increase year-over-year in new home development over the coming years with the peak reaching 50,000 starts by 2016. This rapid growth, though, has made in difficult for first-time home buyers to enter the market. Analysts believe that 30-year mortgage rates will rise over the next few years to approximately 6.3 percent. Young buyers typically are trying to pay off student debt, which has tripled by some estimates within the last 10 years. Nevertheless, as prices are expected to rise through 2017 while tapering off somewhat by 2018, the strength of the market promises handsome returns for investors, those seeking employment in the building industry as well as sellers.

One of the visionary investors who realized the potential of Houston real estate early was Haidar Barbouti. Since 1986, Barbouti has been a major player in the market, including residential and commercial development and acquisition projects. He has profited from successful real estate investments in office buildings, condominium conversion projects as well as shopping centers like Highland Village Shopping Center Houston,

Outside of his real estate investment exploits, Barbouti has established himself as a pillar of the Houston community. He has engaged in social work and charitable endeavors for children and animals. For example, he donated one of his real estate spaces for the development of the Highland Village Adoption center in Houston. These activities have helped to develop the city while also demonstrating his commitment to the Houston community.

Aspiring real estate investors seeking to capitalize on the current boom in Houston, Texas, should heed the example of Barbouti not only in terms of his vision and talent to seize opportunities inn business but also in making himself an integral part of the local community he has helped to develop and serve. The Houston real estate market provides a unique opportunity for the next generation of real estate visionaries seeking to build upon the legacy of figures like Barbouti.

Eucatex’s Economic Growth in the Mist of Global Environmental Challenges

Brazilian booming business is bringing out world class entrepreneurs and the recent economic growth is a proof of the new age and seasoned individuals giving their all in the business world. One these entrepreneurs include the CEO of Eucatex South America Flavio Maluf. Maluf is a very popular business man known for his investments in the Brazilian economy and also for his ties with the local politics. His father is a former politician and also a reputed business man hence the popularity of the family name in Brazil. Nonetheless, Maluf has not been riding under the shadow of his father rather he has been very ambitious with his own ventures.

Heading the Eucatex Company, Maluf has been very helpful in leading the company’s campaigns against environmental degradation. Eucatex has in many occasions shown interest in managing and controlling the current environmental degradation and this has been one of its very important agenda. The company is a wood products company developing new strategies and alternatives for the Brazilian market. With recent global warming and the degradation of human existence, the company has been on the forefront in saving Mother Nature through strategic reduction of deforestation. Eucatex goal is to come up with new sustainable strategies that can help in salvaging the environment.

Through its thin panels, the company hopes to reduce the effect of destructive industrialization and use of wood products. In addition to these intention, it is also true that the need and demand for these product has been on the rise and the company is not hesitating on ceasing the opportunity. This line of product is actually new in the market but with the current growth in the Brazilian economy, the company is confident that the returns will be worth the while. It is also through a careful market research that the company’s marketing department has identified the growing need for the thin panels.

The company has been preparing to get the new product into the market but it has taken time before it inception into the market. Some of the reasons causing the hesitation on the introduction of the new thin panels in the market were the slow recovery of the Brazilian economy after the global economic crisis. However, soon after the economy had shown prospects of accelerated growth, Eucatex launched the product and began to roll out supplies all over the country. The company is currently enjoying great economies of scale being the only company dealing with thin panels.

New Jersey Real Estate Rebounding Soon

As a nation, the real estate market has recovered from the 2006 bubble burst; however, New Jersey is lagging behind the rest of the country. According to Realty Today, some of the properties in New Jersey are still well below their 2006 values. Experts say this lagging is making citizens afraid to list their houses. They don’t want to be left behind when the market eventually recovers.

There are two other reasons why New Jersey is stalling: First, the state has half the population of the national average. This simply means there are fewer buyers in New Jersey than in other states. Second, New Jersey still has one of the highest rates of foreclosure in the country.

Despite this, Realty Today is reporting that New Jersey is set to make a comeback in a big way. They feel that the market lagging in such close proximity to New York City will turn into a major source of profit for investors. The low interest rates, and low down payments on these cheap homes will also help attract new blood. Single homeowners are reported to be looking at New Jersey as an excellent place to get a good value for their next house.

House Wire also added that embracing technology could help boost sales in New Jersey. Advertising is cheap on social media and can be easily targeted towards potential home owners. Video calls also allow realtors to meet with clients on a more flexible schedule.

With the New Jersey recovery right on the horizon, one man stands to make a clear profit from his prophecy. Omar Boraie has seen the potential of developments in New Jersey for decades, but he was mocked for his beliefs for years. Boraie started working in New Jersey in 1972. He recalled the early days saying, “You couldn’t walk on the streets after 4 p.m. Everyone had left the city. But I thought, ‘This is an area where we could do something.”

Boraie bought up foreclosed lots located next to each other, and his company rebuilt the land into powerful office spaces. He further went on to build a luxury set of high rise apartments in the heart of New Brunswick. Industry experts openly mocked Boraie for his positions on New Jersey, but the businessman persevered. With the impending boom coming to New Jersey, Boraie is in position to make major profits with his luxury offerings.