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What's Been Happening In Houston Real Estate...?
For the past few years, Houston has been the place to be for real estate. After the housing bubble burst, Houston fared better than the vast majority of comparable markets. A strong local economy was a big contributing factor to mitigating the effect of the market crash: continuing to attract young professionals and industry where other cities slumped.
Houston wound up at the forefront of housing market recovery, bringing in the eyes and ears of real estate experts, investors, Realtors, homeowners and job-seekers alike. For many, Houston became a model of recovery.
With that kind of pressure and attention, some were afraid Houston’s real estate would buckle, resulting in a crash and burn.
Some think it might still happen. Why? It boils down to Houston doing too well. The scales are tipped highly in favor of sellers with skyrocketing prices and exponential demand. A tighter inventory on top of sluggish home building only kept that trend going.
But what’s really been going on in Houston?