Treadstone Realty Group: Houston's Premiere Real Estate Firm.
Houston Business Journal reported this week that home prices had seen a steady decrease in the market for the last 3 months. However, the local Houston market has seen a significant gain based on prices over a year ago. HBJ was quoted saying: " Home prices in the Houston-Baytown-Sugar Land metropolitan area were down 1.2 percent during the three-month period ended in November compared to the previous three-month period ending in August, according to a report by research firm Clear Capital. However, local prices jumped 10.1 percent year-over-year for November, giving the Houston area the fourth-largest rise among the Top 15 highest-performing markets behind Honolulu, Washington D.C. and New York City".
Treadstone Realty Group's market analyst are seeing Houston break away from the downward trend on the national level.
Kirt Primeaux, Executive Director and COO of Treadstone Realty Group stated: "We really expect to see Houston's real estate market rebound much faster than the rest of the Nation. While Houston's economy may be lagging behind Austin and San Antonio, our housing is still very affordable."
According to a recent Brookings Institute study: "... indicates that Houston is impressively out pacing many other global cities heading out of the recession.."also adding that "...The study lists Houston as the 15th best recovery market in the United States and 61st in the world."
With Houston ranking #4 in exports, home of many financial institutes and at least 10 of the top 100 Oil companies, our well rounded economy should be able to pull us out of the recession much faster.
Given the local economic strength, the housing market correcting, we still see Houston as an ideal place to own real estate. And yes, we feel now is the time to buy.
Treadstone Realty Groupis home to several Top Producing Agents out of 25,000+ Realtors in Houston TX. We are a highly specialized boutique real estate firm that focuses on quality of agents, not quantity.
If you are looking to purchase or sell a home, please contact us for special incentives.