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The greater Houston Texas real estate market includes surrounding cities such as Baytown, Sugar Land, Galveston, Richmond, Katy, Missouri City, Pasadena, Kingwoood, Tomball, Cypress and the Conroe real estate market, as well as all areas encompassed by Harris County and the nine adjacent Texas Counties.
While many parts of the economy appear to be picking up steam, a report from the Federal Housing Finance Agency says home prices are still not among them.
According to the agency's home price index, national home prices sharply declined from January to February, sliding 1.6 percent following another 1 percent drop in January. Compared to a year ago, home prices are down 5.7 percent.
Since the start of the recession, national home prices have dropped 18.6 percent, and are now
In the West South Central region - which contains Oklahoma, Arkansas, Texas and Louisiana - prices fell 1.5 percent during the month, and were down 3.7 percent from February 2010.
While home prices in the Houston real estate market have not declined to the degree seen in many other cities, the current economic situation has still created a strong buying opportunity. A recent study by the website Trulia found that buying Houston homes would make more financial sense than renting.
Why recent college grads should make Houston their homeWith graduation season approaching, college students are determining where in the country is the best place for them to live in, taking into consideration job availability, average earning income and cost of living. According to a report from business magMarch 27th, 2013 4:23am
Houston population continues to multiplyIt's little wonder that the Houston real estate market has performed as well as it has lately, given the rate at which people have moved to Texas' most-populous city.March 21st, 2013 4:26am
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