College Station Real Estate and Growth
Posted by Chris Tesch on Wed, Jul 28, 2010
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.