A New Report by TexasGulfCoastOnline.com Describes Two Unique Products with a Bright Future in Today's Dim Market
Developers on the Texas Coast have several new products that take advantage of simultaneous views of the oceanfront sunrise and bayside sunsets - that are unique to the Texas Coast Barrier Islands.
Texas Gulf Coast, TX (PRWEB) April 13, 2008 -- A new Report by TexasGulfCoastOnline.com describes two unique products with a bright future in today's dim market.
Both Texasgulfcoastonline.com and the Texas A&M University Real Estate Center have put out reports recently that compare how the Texas real estate markets are outperforming the nation.
But this new report describes two unique products that have arrived on the coast which take advantage of simultaneous views of the oceanfront sunrise and bayside sunsets that are unique to the Texas Coast Barrier Islands. "These remarkable products are defying the national housing market downturn." - says Michael Stuart of TexasGulfCoastOnline.com
"The experts all agree that we are in a better position than the rest of the nation and on the cusp of a significant boom once the economy and the mortgage industry correct themselves as they always do." Says Stuart
Stuart, analyzing MLS, census and Federal Reserve data predicts "with plentiful land, relatively few regulations and a large crew of workers, the Texas construction industry is ready to boom. Between 2000 and 2007, the state added over 1 million single-family homes. Even with this surge, the supply of homes doesn't appear to be too far ahead of demand.
"The Lone Star State is being discovered by the rest of the country because of its affordable housing, lower cost of living and cost of business, greater employment opportunities and appealing lifestyle." - says Jim Gaines, research economist with the Real Estate Center at Texas A&M University.
Gaines also states that "A home in Texas is one-fourth that of a house in California and Texas is the fastest-growing state in the country - the outlook for Texas is bright. Many more people will move to the state as the economy improves, bringing in more home buyers."
From 2000 to 2007, Texas added a little over 3 million people," Gaines said, "adding that California lost population during that time".
"Developers on the Texas Coast have designed several new products that embrace nature rather than replace it" informs Michael Stuart. He adds, "These developments have expansive views, where the eye can gaze over 100s of acres of preserved wetlands in one direction, and miles of ocean in the other. It is a rarity for coastal property and something that is only found on the affordable and plentiful Texas coast."
Examples of the new two-view nature products are: Audubon Village and The Biscayne on the Bolivar Peninsula, Island Park Estates on Mustang Island and Beachtown on Galveston Island.
Also three new high-rise condominium towers are being built using modern hurricane resistance skyscraper technology. "They are visually stunning in appearance and offer World Class amenities" relates Stuart. The Sapphire and Ocean Tower on South Padre Island, and Palisade Palms on Galveston Island - are examples of these new generation sky scrapers.
According to the report, these new skyscrapers and these new two-view homes are defying the national market woes on the Texas Gulf Coast.
See the reports at http://www.TexasGulfCoastOnline.com/News.aspx
TexasGulfCoastOnline.com provides real estate information and analysis for the Bolivar Peninsula, Crystal Beach, Galveston, Corpus Christi, Port Aransas, Rockport, South Padre Island, Port O'Connor and McAllen - Texas resort areas.
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See the original story at: http://www.prweb.com/releases/2008/04/prweb853994.htm
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