Bryan and College Station Real Estate Market Forecast
Posted by Chris Tesch on Mon, Sep 13, 2010
With record low interest rates and large inventory of available homes in Bryan and College Station, where are the buyers? That's been the question of the month for sellers and for any housing market followers for several months in a row.
Many (especially in the media) are bemoaning the crash of College Stations real estate market. There have even been many people that are publically outspoken and say that they will NEVER buy a home (Thank heavens my mother taught me to never say never....). Much like the Samuel Clemens quote "the reports of my death have been greatly exaggerated", so has the reports of the death of the Bryan and College Station housing market.
With a phenominal growth rate and the promise of many a company moving in to take advantage of our researchers and facilities the Bryan real estate market has only to go up! Bryan is the center of most of the growth, however it will spill into the College Station real estate market as well. Lynntech with its new facilities out on Highway 6 (the old Westinghouse facilities) in and of itself has pledged to bring in 30 new jobs in addition to maintaining their current 120 job workforce. The salaries are pledged to average 75K and that's just one of the companies situating themselves in Bryan and College Station
Let's look at the facts. Bryan and College Station, because of the Texas A&M University as well as Blinn College, always have a steady influx of new people whether they be students, associate professors, service professionals or professionals. Add to that the new jobs that are coming into town with the Research Valley initiative and it equates to a vibrant housing market with more competion for talent and the promise of average salaries going upward as well! Add to that fact the additional information about the so called "Texas Triangle" the triangular portion of Texas between San Antonio, Dallas and Houston that encompasses several other cities and currently is home to 75% of the states population. Bryan and College Station is situated almost in the center of all the large regions and is predicted to have a much better growth rate than average.
Texas, in and of itself, is one of the highest growth states in the country with low cost of living, availability of housing bargains and no state income tax being three of the driving forces.
All this paints a very rosy picture for College Station homes for sale and Bryan homes for sale!