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HOUSTON FACTS | |
TAX CREDIT | |
WHY NOW IS A GOOD TIME TO BUY | |
FREQUENTLY ASKED QUESTIONS | |
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Houston FactsHouston places near top in city income growth rankingHouston’s success with job growth over the past 25 years has placed the city among the top markets in the country for elevated income levels, according to a new research study. July home sales highest for a yearAccording to statistics released by the Houston Association of Realtors, Year-over-year sales of single-family homes priced between $150,000 and $250,000 rose 1.2 percent in July. Texas home inventory 'in good shape,' expert saysThe director of the Real Estate Center at Texas A&M University said it appears Texas has reached the bottom of the housing market. Houston median home price hits all-time highThe median sales price of single-family homes in the Houston area reached its highest level ever in June — at the same time as the local housing market recorded its 22nd consecutive monthly drop in home sales. Report: Houston home prices to perform wellHome prices in the Houston-Sugar Land-Baytown metropolitan area are expected to be among the strongest in the nation over the next 12 months, according to the latest Home Price Forecast from real estate forecaster Local Market Monitor. Texas leads the nation in homebuildingTexas cities continue to lead the nation in homebuilding, even in the face of huge construction cutbacks. Report: Houston one of best real estate investment marketsThe strong energy industry has made Houston one of the nation's Top 10 real estate markets for the first time in more than 10 years, according to a report by the Urban Land Institute and PricewaterhouseCoopers LLP. Describing the Bayou City - which ranked sixth in the nation for real estate investment prospects - as a "hot-growth market," the Emerging Trends in Real Estate 2009 report says the city will continue to stay that way as long as oil prices remain high. Houston Ranked #2 Market for Real Estate InvestingHouston was the second best market in the nation for real estate investing in the second quarter of 2008, according to a ranking by HomeVestors of America Inc. Only Dallas was a better market than Houston during the quarter, according to the national franchise company, which specializes in buying, rehabbing and selling single-family homes. Read More >>> Texas is DifferentWhy is the Texas economy generally in a better position to support continual growth in real estate value than other regions of the U.S.? Data from the Real Estate Center at Texas A&M University and other sources support the belief that the Texas residential real estate market is affected differently than other U.S. regions by the subprime mortgage crisis. Read More >>> Statistics Show Positives for Home Buyers in the Houston MarketProspective home buyers are asking if "now" is the time to buy a house in Houston? The residential real estate adviser's answer: "Absolutely!" Read More >>> |