If you’ve been watching the housing market, you might notice that some areas of the United States are still seeing record numbers of foreclosures. Though Houston has its share of foreclosures, the percent of the foreclosure market shares are about half of what they were this time last year, according to the Houston Association of Realtors (HAR). That said, HAR reported that first time home buyers boosted Houston home sales and a recent study by Brookings ranked Houston number one for change in housing price index from 2nd quarter 2008 to 2nd quarter 2009. It gained almost 5%.
So this means Houston is one of the healthiest housing markets out there right now. New construction of homes, townhomes and condominiums is very active and there are lots of options for homebuyers. If you are in the market for a home, Houston and some of its surrounding areas such as Baytown, SugarLand and The Woodlands may be just what your economic pocket book needs right now. Good deals still abound, but you can sleep well at night knowing your new Houston home is a sound economic investment.
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