It could be said that land has been the best asset to own over the past five years. Looking at the Texas Real Estate Research Center (tamu.edu) that is definitely hard to argue, especially in the greater Houston market. However, all good things must come to an end, as they say. We are beginning to see buyers cooling off and some offer values decreasing. While developers are certainly throttling back and becoming much more surgical with their prospecting, the deep pocket investors still see the long-term value in larger tracts in the path of growth. Between the inevitable decent in peak prices, FEMA updating flood maps, multiple interest rate hikes and the looming recession, we’re back to viewing land as a strong 3-5 year buy and hold play. We are seeing developers and land bankers following the path of growth north to the Greater Conroe Region. To sum it up, looking into the charcoal ball we view land as the diamond in the next five years.
- Seth Green, Land Advisor
Bob Dornak, Mickey Guice, Lang Motes and Mike Moore represented the ICO team.
ICO has been a CCIM Houston Gulf Coast Chapter sponsor for over seven years . The value and benefits that this partnership has brought to ICO has surpassed our expectations and ICO is proud to have five CCIM Designees. From the educational resources to recruiting talent and all of the networking events in between, ICO believes in what the designation stands for and the people that stand behind it.
Adding value for our clients is what ICO strives for and partnering with CCIM helps us to do that.
