Overview of the Houston, Texas Real Estate Market
Houston is the largest city in the state of Texas in the United States, and the fourth largest in the entire United States. According to the United States Population Census conducted in 2020, the city's population is approximately 2,304,580 million, with an area of approximately 1,600 square kilometers. The city is home to the Harris County Administrative Center and is the economic center of the Houston-Sugarland-Bytown metropolitan area - the fifth largest area in the United States - with a population of 7.1 million as of 2020.
The Houston skyline is the fourth highest in North America (after: New York, Chicago and Toronto), and the 12th highest in the world as of 2014. A system of tunnels and elevated sidewalks 11 km long in the city connect the buildings in the center, which allows pedestrians not to suffer from excessive heat in summer or heavy rain in winter.
Houston is multicultural, thanks in part to its many academic institutions and large industries, as well as being a major port city. Over 90 languages are spoken in the city and it has the youngest population in the nation, a partial contribution to this was immigration to Texas.
The jewish community
The Houston Jewish community, estimated at 47,000 in 2001, has existed in the city since the 1800s. Most Houston Jews come from all over the United States and Israel, Mexico, Russia and elsewhere. As of 2016 there were over 40 synagogues in Greater Houston. The major synagogues in Houston are the Beit Yeshurun Congregation, the Conservative Jewish Synagogue, and the Beit Yisrael and Amnu-El Jewish Reformed Communities.
The Houston economy has a broad industrial base in the fields of energy, manufacturing, aeronautics and technology; Only New York is home to more Fortune 500 companies. Commercially, Houston is considered a world city, and is the world's leader in the oilfields industry. The Port of Houston is ranked first in the United States in international cargo tonnage, and second in total cargo tonnage. In 2012, $ 110.3 billion worth of goods were exported from the Houston area, the three destinations to which most export are Mexico, Canada and Brazil. Most of the city's success in the petrochemical industry is due to the Port of Houston. Unlike elsewhere, rising oil and fuel prices are helping the Houston economy, as many of its residents are employed in the energy industry.
In 2013, Houston was identified as the number one city in the United States in job creation by the U.S. Bureau of Statistics, after it was not only the first major city to hold all the jobs lost during the economic downturn that preceded it, but also after the crash. The economist and vice president of research at the Greater Houston Partnership Patrick Yankovsky attributed Houston's success to the area's real estate and energy industries' ability to learn from historical mistakes. Moreover, Jankowski stated that “more than one hundred foreign-owned companies moved, expanded or established new businesses in Houston” between 2008 and 2010, this openness to outside businesses increased job creation at a time when domestic demand was low. Also in 2013, Houston again appeared on Forbes' list of "Best Places for Business and Careers".
Houston is served by 3 airports, two of which are commercial and served 52 million passengers in 2007. The main one is Houston George W. Bush Airport, the tenth largest in the United States in terms of number of passengers and 28th in the world. Bush Airport is a major base of operations for United Airlines, offering more than 700 flights departing from the city.
Houston is home to the Texas Medical Center, which is the center of the largest research and health care institutions in the world. All 49 members of the medical center are non-profit organizations. They provide patient care and preventive medicine services, research, education, and concern for the well-being of the local, national, and international community. The Texas Medical Center employs more than 73,600 people, the institutions at the medical center include 13 hospitals and 2 specialty institutes, 2 medical schools, 4 nursing schools, a dental school, a pharmacy and provides employment for almost every health-related profession. The site is home to the largest medical evacuation service in Heath, and one of the first to be established in the world, as well as a successful transplant program. The medical center performs more heart surgeries from anywhere in the world.
The medical and research institutions at the Texas Medical Center include the M. D. Anderson Cancer Center, the Texas Children's Hospital, the Memorial-Herman Hospital, and more.
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