There is a real estate research reporting service known as Veros Real Estate Solutions, that has been looking at the components that make-up a real estate recovery scenario.
Their recent report shows that the Houston area will probably have the greatest home price appreciation over the next year with Dallas ranking second. They estimate that Houston's price growth will be about 4 % while Dallas' will be about 3%.
In the case of Houston, in comparison to the rest of the nation, unemployment for August was only 8.7%, and while that is a far cry from the rate just five years ago, it is still encouraging.
It is easy to see that now should be a better time to purchase a home than it will be in within the next few years. One way or the other, attrition will remove the over supply of homes for sale, and replace it with a tight, price-growing market.
BILL CHERRY, REALTORS
DALLAS - PARK CITIES
SINCE 1964
214 503-8563
I had a prospective seller going to Houston about a year ago claim that home values were very stable. Glad to hear things are going well there.
Yes if everyone that tell us they are buying a home next year; we should have a fab year! Good news at last!
Hi Bill... I am keeping my fingers crossed that these predictions are on target!
Thanks for your comments, Steve, Ellen and Yolanda...and Yolanda, David builds super houses from great designs. You're luck to have his products to sell.