Houston's Strong Real Estate Market

Keller Williams Realtor Brad Evans said, "Houston's job market is making us really attractive to outsiders." He said the oil and gas industry is bringing families to Houston. "People from all around are moving here to take advantage of our low home prices." 

Just recently a report came out that said most of the country struggled last month in home sales, but Evans said, "I expect the Houston real estate market to surpass 2018 levels." 

Below is the article about sluggish sales around the country...

The unusually large drop in home sales has real estate agents baffled

Real estate brokers are trying to figure out why sales of existing homes plunged in December.

The 6.4 percent monthly move was unusually large, regardless of direction. The tally from the National Association of Realtors generally moves in the very low single digits month to month.

In fact, the shift was one of the largest that didn't involve some sort of change in government policy, like the homebuyer tax credit.

"The latest decline is harder to explain. Perhaps it is the decline in consumer confidence that's been occurring in the latter half of 2018," said Lawrence Yun, chief economist for the Realtors. "The latest numbers do not reflect the lower, current mortgage rates compared to the November figures, so it's really harder to explain."

The supply of homes for sale also rose just more than 3 percent compared with a year ago. Low supply had been holding sales back last spring, despite strong demand, so it would make sense that more supply would boost sales, unless this is a sign that demand is weakening.

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