Houston Real Estate

Published On: September 25, 2008


Houston Association of Realtor released the latest stats and it is very much an anomaly. Sales have slowed but home prices have climbed. This tells me that we have a shortage of homes and the present owners are not going to sell at current prices. With new home sales not as much a factor as in the past I think we will see greater appreciation of home prices. The foreclosure market is still a factor but there are buyers for these homes as soon as they come on the market.