18 Facts That Make Houston The Best City In America. (places to live, places)

[bu2]

Originally Posted by ipuck

I read Business Insider for the comics like i read the new york post.

The writers get paid for articles pumped out per day, so copy and paste from anywhere they found is standard issue for the website.

Anyway, as much as this is home for me, I do think we are headed to some sort of mini correction.

Say what you want about how diversified this city is, but it is almost a fact one or both of your neighbors is working in O&G so how diversify is it really?

I understand the land scarcity and price appreciation inside the loop and memorial area. But the insane prices paid in outer Katy, Sugar Land, and Woodlands is just crazy. I just don't think those kind of price increases are justify.

Look at the chart in the article. Houston's prices are still well below the national average.

[jerbear30]

Originally Posted by bu2

Look at the chart in the article. Houston's prices are still well below the national average.

There's no way Houston's housing prices are below national average. They are below the metro areas of NYC, San Francisco, LA, Boston and maybe a few other places. They are not below national average.

[majicdonjuan]

Originally Posted by jerbear30

There's no way Houston's housing prices are below national average. They are below the metro areas of NYC, San Francisco, LA, Boston and maybe a few other places. They are not below national average.

Actually....

National Median Home Price 2013 -$197,100 (December Existing-Home Sales Rise, 2013 Strongest in Seven Years | realtor.org)

Houston Median Home Price 2013 (from HAR) - $184,900 (Median home price hits all-time high - Prime Property)

Both national prices and Houston prices have risen significantly since 2012. According to the realtor.com article above and the HAR 2012 full year report (Houston Real Estate Market) 2012 National Median Home Price was $176,800 and Houston's was $172,500.

So at the end of the day, national home values have risen faster than have Houston's year-over-year.

Of course the mean (average) prices are certainly higher in both cases, but that's a meaningless figure with which to to compare a metro area with the entire country.

[AmILost]

Yeah, but what's the median home price in Houston if you only count the neighborhoods where people actually WANT to live? That median home price of $184,900 is counting places like South Park and Acres Homes. I'd like to see what the median home price is if they filter out the homes in high-crime areas. Highly doubt it would be anywhere close to the national median after that...

[jfre81]

Also, the national average is going to reflect the rebound in markets where the housing crash depressed prices, which Houston avoided (if not every element of the resulting economic downturn). Florida, Arizona, California etc. are on the way back up. Fact remains the bar of entry into the Houston housing market has been raised significantly in the past few years.

It's not very useful to take snapshots of statistics and try to predict future results. Everything deviates back to the norm.

[Bentley wings]

We are the best city because sugar land is apart of houston

[AmILost]

Do you mean "a part" or do you mean "apart"? Because that distinction can drastically change the meaning of your statement.

[bu2]

Originally Posted by AmILost

Yeah, but what's the median home price in Houston if you only count the neighborhoods where people actually WANT to live? That median home price of $184,900 is counting places like South Park and Acres Homes. I'd like to see what the median home price is if they filter out the homes in high-crime areas. Highly doubt it would be anywhere close to the national median after that...

So we are the only place with homes in less desirable areas?

[Houston parent]

Anybody who thinks Austin is the "best" city in Texas has a totally different set of criteria than I do. I care about low cost of living, high wages, booming economy, and good schools. DFW has better schools (or at least more good schools), but otherwise Houston smokes the other large cities in Texas.

[Bentley wings]

Originally Posted by AmILost

Do you mean "a part" or do you mean "apart"? Because that distinction can drastically change the meaning of your statement.

I meant " a part"