The housing market in Friendswood and the greater Texas City area is experiencing unprecedented growth, with realtor Jerome Karam at the forefront of this expansion.
The surge in demand for homes is closely tied to the rapidly growing populations of Friendswood and neighboring Pearland. This population boom has led to an increase in new housing developments, higher home prices, and quicker sales.
Population Growth Driving Housing Demand
In recent years, Friendswood has emerged as one of the fastest-growing regions in Texas. The population growth began in the 2000s and has shown no signs of slowing. By 2014, Friendswood’s population had reached 38,484, according to the U.S. Census.
Real estate professionals attribute this growth to the area’s proximity to major employers in sectors such as construction, healthcare, and manufacturing. Many workers are drawn to the city for its job opportunities and its well-established amenities.
The economic development in Pearland, with more than 1,060 housing permits issued in 2014 alone, is a testament to the thriving housing market in the greater Texas area.
The CEO of Keller Williams Realty Greater Northwest Houston emphasized that homes in the region are being sold in record time, with many properties receiving multiple offers. Friendswood, in particular, has benefited from this trend, leading to increased demand for residential and commercial properties.
Friendswood’s Appeal: More Than Just Proximity to Houston
Friendswood’s appeal goes beyond its job opportunities. Improvements in infrastructure, such as better roads and social amenities, have made the area even more attractive to newcomers. The city offers access to quality school districts, tight-knit communities, and a peaceful environment, all while being a short drive from the bustling city of Houston.
According to Bruce Craig, President of Beazer Homes Division, Friendswood combines the benefits of small-town living with the conveniences of being near a major metropolis.
As the number of residents in Friendswood continues to rise, the need for housing has skyrocketed. Between 2000 and 2014, the number of households in the area grew by 3,000, further highlighting the increasing demand for homes.
Local real estate agents have noted that low housing inventory has made it challenging for homebuilders and realtors to keep up with the influx of buyers, creating fierce competition in the market.
Jerome Karam: A Key Player in Friendswood’s Real Estate Boom
Much of this growth in the housing market can be attributed to the work of Jerome Karam, a prominent real estate developer and investor. Karam, who launched his real estate career in 2000 with his company JKM5 Holdings LLC, has been a driving force in transforming the real estate landscape of Friendswood.
Over the past two decades, he has made a name for himself by repurposing, renovating, and remodeling numerous properties, contributing to the city’s development and revitalization.
Jerome Karam’s work includes the conversion of more than 10 houses and the transformation of over 15 apartment complexes into high-end, luxurious condominiums. His expertise in repurposing old structures has added value to the city and provided new housing options for its growing population.
As a Louisiana native with humble beginnings, Karam’s interest in real estate can be traced back to his family’s connections in the industry. Before becoming a successful real estate investor, Karam worked as an attorney, honing the skills and knowledge that have contributed to his impressive career.
Conclusion: Friendswood’s Future Looks Bright
The growth of Friendswood’s real estate market shows no signs of slowing down. With rising demand for housing, driven by the influx of new residents and job opportunities, the city is poised for continued development. Jerome Karam has played a significant role in shaping this growth, contributing to the city’s transformation with his innovative real estate projects.
As Friendswood continues to attract new residents and businesses, its real estate market is expected to remain a hotbed of activity, offering both challenges and opportunities for investors and developers alike.
