Housing-News-Report-March-2018

HOUSINGNEWS REPORT

A RISING TIDE IN HOUSTON

HOUSTON MSA HOME SALES DIP FOLLOWING HARVEY

SINGLE FAMILY HOME SALES (TRAILING 12 MONTHS)

ANNUAL PCT CHANGE

70,000

30%

60,000

20%

50,000

10%

40,000

0%

30,000

-10%

20,000

-20%

10,000

-30%

0

as home prices, inventory levels and rents. Despite the effects of its recent natural catastrophe, Houston’s economy is well positioned to venture forward into a positive future. “Overall it’s still a growth city. A thriving melting pot,” said Thomas Mouton, owner and commercial director of RE/MAX Exclusive in Bellaire, Texas. “The secret is out. Recently there’s been a lot of foreign investors coming here to buy investment properties.” Since the Census Bureau began keeping track back in 1850, the city of Houston, Harris County and the Houston-The Woodlands-Sugar Land

“All told we have a very healthy housing market in Houston. Last year (2017) we sold more homes than anytime in history with a 2.4 percent growth rate in the sale of single family homes. Sales of homes for $1 million and up were up 11 percent for the year.”

DR. TED C. JONES CHIEF ECONOMIST, STEWART TITLE GUARANTY COMPANY HOUSTON, TEXAS

“All told we have a very healthy housing market in Houston,” said Jones, who focuses in on the metro area’s four most active counties — Fort Bend, Galveston, Harris and Montgomery. “Last year (2017) we sold more homes than anytime in history with a 2.4 percent growth rate in the sale of

single family homes. Sales of homes for $1 million and up were up 11 percent for the year.” A Growth City A diverse economy, job opportunities and a growing population are just as essential to a healthy housing market

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MARCH 2018 | ATTOM DATA SOLUTIONS

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