A recent Brookings Institution analysis comparing 2nd quarter 2008 data with 2009 data ranked three Texas metro areas as tops when measuring increases in inflation-adjusted home prices.
The Houston area (including Sugar Land and Baytown areas) ranked number one out of 100 largest metro areas, revealing an increase of 4.9%. The Dallas area (including Fort Worth and Arlington) ranked 3rd in the study, with San Antonio rounding out the top 10 at number 10 with a price increase of 3.1%.
This “economic report card” indicates that the housing market prices have bottomed out and are rebounding in many metro areas including the biggest Texas cities.
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