Outlook for Corpus Christi Economy and Real Estate Market Remains Stable

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The outlook for Corpus Christi, Texas’ economy is as stable and positive as ever, with a growing labor force and major projects in the works. Leading real estate firm Green Door Real Estate reports that this has strengthened the housing market as well.

“A strong, diversified economy and a steadily expanding labor force translate to a more stable housing market”

The economic outlook for the city of Corpus Christi, Texas remains stable, reports leading Corpus Christi, TX real estate agent Joseph Cortez of Green Door Real Estate. Citing data from Fitch Ratings, which recently assigned an AA rating to three of the city’s certificates of obligation (COs), Cortez points out Corpus Christi’s growing labor force, consistently low unemployment rates, and wealth of redevelopment projects as positive indications of the health of the area’s economy.

“A strong, diversified economy and a steadily expanding labor force translate to a more stable housing market,” says Cortez. “Of course, the city has felt the effects of the economic downturn, but we are faring much better than other areas. Back in 2008, Businessweek included Corpus Christi in their ‘Best Cities for Riding Out a Recession’ list and it has been proving true thus far.”

Texas’ eighth largest city in terms of population (287,438 as of 2009 US Census estimates), Corpus Christi serves as the county seat of Nueces County. It has an economy dominated by the shipping, petrochemical, agricultural and tourism industries, as well as the military. “We have one of the country’s and the world’s biggest ports in terms of tonnage,” says Cortez, “and there are major projects underway in the port area that will help strengthen the economy further in the future.”

Corpus Christi’s overall stability, as well as its low cost of living and scenic gulf-front setting, makes it ideal for real estate investors. “It’s a good time to invest in Corpus Christi, TX new homes,” says Cortez. “The city has excellent prospects and real estate values here are projected to go up.”

The president of Green Door Real Estate, Cortez has been involved in the real estate industry for nearly a decade. A custom home builder as well as a Realtor, he has a particular expertise in new homes for sale in Corpus Christi. For more information on the community and the real estate market, visit the firm’s website, http://www.GreenDoorRE.com.

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