Houston Real Estate Market & Trends

Despite the fact that for most of the decade the housing market in Texas was relatively quiet, the Houston housing market has become one of the most consistent regions of the country. Despite the fact that the market is not immune to the rise and fall of housing cycles, the Houston region has stabilized and is in rhythm with an average national rate. Perhaps more importantly, Houston immobilia still values somewhat higher than national rates. For all purposes, the Houston real estate market has become one of the activities that Houston real estate investors could easily use. Foreign investors, in particular, recognize Houston as one of the best places to invest in the foreseeable future. For foreign investors, the only city that can capture more interest is Miami. It says that the real estate market in Houston is ready for a wonderful year in 2016 and beyond.

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Market statistics:

As Texas continues to shoot, the Houston housing market maintains this trend. Despite the fact that the coefficients of increasing the value to one year below the national average of 3.8% and 6.1%, the Houston housing market still acquires higher long-term benefits, taking into account the growth over three years to 27.1% The national average of 22.6%. As a result, investment in real estate in Houston experienced an exponential leap, and those who are familiar with the market expect that this trend will continue in the foreseeable future. Perhaps more importantly, sales remain strong, as the season of selling seasonal and summer sales, only strengthened the already growing number in Houston. For the complete breakdown of the estate,

• Houses purchased in the real estate market in Houston a year ago were valued at an average of $ 11,062. During the same period, the national average was $ 15,781.

• Houses bought in the housing market in Houston three years ago were estimated at an average of $ 53,161. During the same period, the national average was $ 49,356.

• Houses bought five years ago in the real estate market in Houston were valued at an average of $ 70,871. In the same period, the national average was $ 68,727.

• Houses bought in the housing market in Houston seven years ago were valued at an average of $ 84,639. During the same period, the national average was $ 59,758.

• Houses bought in the real estate market in Houston nine years ago were valued at an average of $ 79,484. During the same period, the national average increased $ 16,435.

One of the components of property management in Houston can be ransom or absence. According to the real ticket, at present, there are 2,470 accommodation options at some stages of alienation, including auctions and pores properties. As of July, the number of redemptions in Houston in the real estate market is 12% less than in the previous month, and 48% less than the same period in 2015. In Houston, there seems to be no tendency to an overwhelming decline in the volume of auctions and property Banks in Houston; The auctions decreased by 19.3% last month and 52.7% in the same period of last year, whereas pending placement options decreased 2.1% compared to the last month and 40.9% from last year.

Like other Texas counterparts, the Houston housing market is in a position to lead the recovery process. With the support of a strong economy and the promotion of employment growth, the housing sector is ready for prosperity in 2016. Therefore, it is expected that in Houston in real estate will be provided a large increase. In a situation where the level of availability and demand at a lower level shows no signs of slowing down, the Houston housing market should remain a target for people seeking to enter the business.
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