The Houston Business Journal on September 14, 2012 wrote an article saying that Houston is among one of only nine major metro areas to see higher home values now than five years ago. Using the data from the Federal Housing Finance Agency, the Houston Business Journal calculated that the Houston area price index increased 5.82 percent between the second quarter of 2007 and the second quarter of 2012.
The Houston price index increase ranks the Houston area number 1 among the nations 102 major metro areas. Part of this is attributed to the fact that the Houston real estate market stayed somewhat stable through the years and did not experience the rapid increase in prices that subsequently resulted in huge deflation of values when the housing market bubble burst.
The growth in the Houston price index is attributed to the growth in oil and gas jobs which are drawing residents into the area. Bottomline, jobs equals a strong real estate market and Houston is positioned for job and economic growth.
Whether you are looking to buy a home or sell your home, call me today to learn about how you can take advantage of the great opportunities in Houston.