High Net Worth Investors Bullish About Houston Economy

An investor pulse poll released by Morgan Stanley confirms investor confidence in the economic standing of Houston and Texas.

Matt Kabot, managing director of Morgan Stanley's Houston office, says the national survey shows investor confidence in the housing market, as well.

"Fifty percent of Houston area high net worth investors sensed improvement in our local housing market. It's interesting that at least a third of investors believe that real estate will be the best-performing asset class here in the next three years or so."

Kabot was asked how energy figures into this picture.

"Well, on average, investments in the energy segment make up about 20 percent of Houston area high net worth investors' portfolios. That is actually the largest single component of investors' portfolios."

Ninety percent of those investors polled believe the state economy will be the same or better by the end of the year.  Eighty percent say now is the time to buy a home, and 61 percent say it's a good time to buy rental property.

Bio photo of Ed Mayberry

Ed Mayberry

Local Anchor, All Things Considered

Ed Mayberry has worked in radio since 1971, with many of those years spent on the rock 'n' roll disc jockey side of the business...