Home Sales Grow As Office Leasing Gets Worse

Home Sales Grow As Office Leasing Gets Worse

Home for sale


The Houston Chronicle and the Houston Association of Realtors Houston are reporting big home sales growth. In the past, the oil slump stagnated the Houston home market.  I think that is because Houston is not as dependent on oil as it once was plus growing interest rates from the Fed. These things are powering the need to buy a home now. Not only are home sales up but home prices are climbing too. But office space is going the opposite direction. Over the last few years it's become a tenants market as the office space glut pushes larger vacancies and lower prices.

The positive data from the Houston Association of Realtors show housing benefiting from pent-up demand even as the local economy deals with uncertainty in the oil business. Actually the housing market correction from the oil downturn has long passed.  My suggestion is to buy now if you want a house.  The Fed is predicted to raise interest a quarter point every quarter and home prices are on the rise.


Dwight and Karen Cook Headshot
Author:
Phone: 903-600-0671
Dated: July 13th 2017
Views: 118
About Dwight and Karen: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Join The Team - BENEFITS AND  FEATURES eXp
Shorter Term Higher Savings On Mortgages In The Woodlands And Spring - Whether you’re refinancing your
Projects To Boost Curb Appeal In The Woodlands And Spring - Given the amount of time
SHOULD I PUT A LOW OR HIGH DOWN PAYMENT ON MY HOME - The minimum down payment on an FHA

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Christopher Bowie
9600 Great Hills Trail Suite 150W
Austin, TX
281-380-6368