Skip to main content

Posts

Showing posts from January, 2018

Real Estate Market Of Houston Sets A Record Year In Home Sales

The real estate market of Houston has beaten the existing sales record, even after the devastating effects of Harvey. Damage caused by Harvey is substantially high, but the Houston housing market did not lose its steam. The housing market has recorded a significant increase of 3.5 percent compared to the last year sales. This is totally unexpected after the upsetting effects of Harvey. Many are still trying to fix the damages and no Houston realtor has expected the massive rebound. The whole Texas has not seen this kind of rebound in the past decades. Looking on the sales record of Houston housing market, buyers had closed nearly on 79150 single family homes around Houston, Texas; representing almost $23 billion as per the report provided by the Houston Realtors. This increase had inflated the median price by 3.8 percent to $229,900. This is the first time for the Houston housing market to break the records after such a damaging natural calamity. In the Houston real estate market...