Local CRE Trends

Discover What’s New and Interesting in Our Backyard

The city of Houston is a major hub for big business, and serves as headquarters for to 20 Fortune 500 companies. In addition to its rich history in energy and oil, Houston has one of the world’s busiest international ports and is home to NASA’s Johnson Space Center. Houston is also headquarters for the world’s largest group of medical care and research facilities. Growth in the high-tech industries, medical research, health care and professional services has been especially strong, according to the City, providing a stable economic base when oil prices drop.

Houston is also one of the largest economies in the nation. It is home to 2.3 million residents and is the most populous city in Texas, and the fourth most populous city in the U.S. It is also considered by many to be the cultural capital of Texas, with more than 500 cultural, visual and performing arts organizations, 90 of which are devoted to multicultural and minority arts, according to the City of Houston. It is also highly diverse – more than 90 languages are spoken throughout the Houston area – and it is home to the third-largest Hispanic and third-largest Mexican population in the United States.

Corporate expansion in the area is at an all-time high, and the job growth in the high-tech and health care industries has resulted in new commercial real estate opportunities. New industry is attracted to Texas’ low-tax, low-regulation economic climate, which is supported by a diverse pool of highly skilled, multilingual workers, 25 percent of which have completed a four-year college degree, according to the City. Houston has historically been a top 10 metro leading the nation in population and job growth, according to Colliers International, and Site Selection magazine recently ranked Houston 2nd as a top metro for new and expanding corporate facilities.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 Fortune 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our Houston-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 ©2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Fidelity National Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

December Fed Meeting Preview: How many more giant rate hikes are left? ‘This is where it becomes the tough part’
...to back off for “risk management” purposes. The rapid slowdown in the housing market, coupled with a rapid tightening of financial conditions, illustrates just how much its massive, rapid rate...

Doma to lay off 515 workers in cost-cutting plan
...in the third quarter, attributing the performance to the combination of elevated mortgage rates, inflation and supply chain woes. The company reported an $84.1 million net loss in the third quarter...

What The Seattle Housing Market Looks Like Going Into 2023
...of the Pacific Northwest.” Not surprisingly, given this significant growth, the Seattle housing market experienced a dramatic rise in home prices and demand. Based on data sourced from Redfin...

Local Governments Should Incentivize Housing Overbuild Ahead Of Recession
...can be counted on to understand what’s happening in today’s housing market. It’s worth saying again, that the “cost burden” methodology uses a single data point from old data to say what the...

Houston housing market 2023
...big-city amenities and affordability. But here, as in many cities nationwide, the housing market is somewhat in flux as calendars roll into 2023. On the one hand, the pace of sales is slowing...

Current Mortgage Rates for Dec. 7, 2022: Rates Decline
Today some important mortgage rates sank, though rates are generally expected to rise this year. See how the Fed's interest rate hikes could affect your mortgage payments. Written by A couple...

Lean On Your Supply Chain To Weather The Potential Recession
...chain planning and modeling are not perfect. Did your planning predict the housing market crash in 2008? Or the dot-com crash in 2001? It’s OK—no one else was able to predict these downturns...

Redfin Doesn't Foresee a 'Wave of Foreclosures' In Its 2023 Outlook
...of predictions includes that the US housing market will not experience a "wave of foreclosures"...

GSEs Unlikely to Meet Allocations
...uncertain. One cause for the declining volume is tepid borrower demand. GSE mortgage rates started the year in the 3% range, even less on some high-quality, low-leverage loans. But now GSE...

The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets
...affordability crunch than others, are poised to see the strongest combined growth in home sales and listing prices in the coming year, according to a report from Realtor.com. With mortgage rates...