Houston Foreclosures – Benefits to Buy

As foreclosures are happening everywhere in the country, buying property at fractional rate and that too in city which open doors for employment and good education for children will prove beneficial. Investment in Houston foreclosures can be the great decision because the city has prosperous economy with immense scope in varied sectors.

Benefits to buy Houston foreclosures:

•    Houston is the largest city in the state of Texas, United States. Its diversified industrial sectors uphold the high level of living with low inflation rate.
•    In year 2008, Forbes magazine has given first rank to Houston in the list of Best Cities to Buy a Home. So, Houston foreclosures present a golden opportunity.
•    Houston is on top rank among the nation’s cities to gain employment in private sector. Approximately forty two thousand jobs are added there in year 2008.
•    Houston - “The energy capital of the world”, has worldwide recognition for oil and natural gas, wind and solar renewable energy and for biomedical research and aeronautics. Greater Houston is a leading hub to construct oilfield equipment.
•    The Forbes magazine in year 2006 has given the Houston Metropolitan area the first position (in Texas and third in US) in its category - “Best Places for Business and Careers”. The city is also on forth rank for highest increase in the local technological innovation over fifteen years – by Forbes in 2008.
•    Globalization and World Cities Study Group and Network have ranked the city as Beta world city for its economic strengths.
•    For local economy, quality of life, reasonable living costs and employment opportunities has bring Houston on top ranking on Kiplinger’s Personal Finance – Best cities of 2008. This makes Houston foreclosures the hot commodity.
•    The Houston Museum District home to various cultural institutions and exhibits which magnets more than seven million visitors per year.
•    The world’s biggest concentration of health care and research institution – Texas Medical Center and NASA’s Johnson Space Center is located at Houston.
•    As many people are engaged in energy industry, sky-scraping oil and gasoline prices are seen as beneficial there contrasting other places.
•    The port of Houston is the major port in the United States in terms of international commerce. The success of petrochemical there is mainly due to its ship channel which is considered as one of the city’s economic base.
•    The Houston Independent School District (HISD) is the seventh largest in US. Four Universities for research and development are located in Houston. The University of Houston is the third largest public research University of Texas. In year 2008, the city is ranked first by Forbes for Best Cities for College Graduates. So, Houston foreclosures are also beneficial for students’ future prospects.