Our community currently is in a holding pattern. It's almost as if no one will exhale until Texas A&M University announces which people will be laid off. The university has been, traditionally, the job mecca of College Station.
Now look at Forbes best places for business and careers. College Station, Texas ranked #20 in the nation for small metro areas that will attract jobs and businesses to the area. For Texas College Station is the #5 small metro area for this distinction. All this in spite of TAMU's preported lay off.
Despite some doom and gloom for the very short term College Station and Bryan are in an enviable position and by extension so are the residence.
What does this mean for now, and for the future with regards to College Station real estate? A huge changing pattern. Currently we have a 9.1 month supply of homes, definately swinging to a strong buyers market, low interest rates and potential incentives for people to invest currently in College Station homes, duplexes or condos. What an advantagous time to buy, but unfortunately people just aren't taking advantage for the most part. On the horizon we see lots of hope. Growth is everywhere from the new Lowe's, Scott and White Clinic and HEB to Bryan's phenominal business explosion. As jobs come pouring in to our market incomes will rise, as incomes rise so will the ability to buy homes, especially in the luxury range. This will mean that both College Station real estate and Bryan real estate will be affected. Ladies and Gentleman start your engines. It's going to be a fast ride while Aggieland races to the top. While other communities are facing horrific job cuts we have, in the long term, nothing but good news.
Reading all the doom and gloom in the papers? Worried about the Brazos Valley's future? There ae many write ups about the possibility of lay offs at Texas A&M but not many about what's happening in Brazos Valley that's great. The Texas A&M Health Science Center will be opening soon. In conjunction with that are going to be companies moving to the Valley at a fairly fast pace. G-Con, the pharmacudical company that will be working fairly closely with the Health Science Center is hiring soon a possible 150 employees. This company will be developing and researching vacinnes.
Bryan-College Station has been written up just recently for being one of the top smaller towns in the nation in job growth. G-Con and the Health Science Center are just the beginning.
Bryan and College Station's economic future doesn't seem to be in question. With this and other development that the area is expected to bring there's no where to go but up. Wages, real estate and businesses will all feel the impact. Welcome G-Con and the Texas A&M Health Science Center! We're looking forward to continued growth in our area!
For more information go to http://www.tamhsc.edu/.
Does it always feel like you're a day late and a dollar short? Are you a buyer who needs College Station Real Estate or Bryan Real Estate? Did you miss the April 30th deadline for finding a home and reaping the $8000 tax benefit? Fear not! Stimulus money is still there!
More than $28 million dollars is availabe through the Brazos County Housing Finance Corp. You might qualify to receive a 35% credit on your income taxes for the lifetime of your loan capped at $2000 a year. The best thing about this is it's not quick BUT it potentially is a lot more money over the lifetime of the loan. On a 30 year mortgage there is a potential savings of $40,000.
Maximum income limits do exist, but are fairly generous. One or two member households can have a maximum income of $58600. Three or more in the household qualify with an income up to $67,390. Some areas will actually qualify with more income.
You must use an approved lender for this homebuyer credit.
This credit includes any counties within Brazos County.
Call to find out more. We'll walk you through the process and find you the perfect home as well!!!