Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So you're not implying that Houston is overbought, but that if it was, we would have a market correction. I think I'm following.
Yes, the high end market which I think is what we are talking about in Houston has actually softened over the past couple of years.
The Houston housing market seems to have carried the positive momentum from 2017 into the new year, even with some softening in the high end," said HAR Chair Kenya Burrell-VanWormer with JP Morgan Chase. “We hope to sustain that positive momentum with 28,000 new homes slated for construction this year, according to Metrostudy, as well as healthy gains in employment.” In the February edition of its Economy at a Glance publication, the Greater Houston Partnership (GHP) reported the creation of 46,000 jobs across greater Houston in 2017 – with more Houstonians finding employment last year than in 2016.
In February the high end started to show some signs of strength.
HOUSTON — (March 14, 2018) — Houston home sales enjoyed their second positive month of the new year, and after three months of declines, stability returned to the luxury market. However, the overall supply of homes across greater Houston shrank slightly in February, narrowing options for house hunters heading into the traditionally active spring home-buying season.
According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes rose 5.3 percent in February, with 5,260 units sold. Homes priced between $500,000 and $750,000 experienced the strongest sales activity
Lol, Houston and DC shouldn't even be in the same sentence imo. Different worlds.
How elitist can you be. They may be different worlds but they are the same country. Here's a sentence for you, there are several Representatives from Houston in Washington DC. Is that OK ?
I like the weather and the people in Houston more. I do wish it were less auto-centric, but that's not a deal breaker for me. DC is great but too cold, and I just don't see myself living there for any reason.
We're not as awful as the Midwest in the wintertime, BUT this past winter season has been making me contemplate moving back to the Sunbelt. We're getting snow on Tuesday (the first day of spring) for no good reason. Yes, I know I'm not helping, LOL...
To be fair, our summers are just as miserably hot and humid as Houston's. We're built on a swamp too, and the nearby Chesapeake Bay creates a microclimate of sorts and has a huge impact on humidity levels throughout the region, and it also gives us a damp cold in the wintertime at times.
Like I said, some here are ripe in age, others have plenty of time.
I was going on 26 when I first got on this forum. Going on 37 now. With only about half the progress that was supposed to be made in that time having actually been made.
The problem to me more is that ITL is getting as expensive as cities that have and had proper transit networks in progress long before 2007.
I always found June in Houston tolerable. It’s July, August (especially), and most, and sometimes all, of September that have you screaming for January. What’s the saying go, Houston has three seasons, Spring, Summer, and August. I really wish the inner loop of Houston was just the actual city. I understand the annexation. But that’s for another topic. For me, I like Alexandria and some nodes of Arlington. I can live without the rest of NOVA. It’s saving grace is it’s proximity to DC.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.