Houston housing market could be in for another record year or favor buyers

This year, while the national housing market saw a decline across the board, Houston was up one and a half percent.

As 2019 comes to an end, the Houston housing market is closing as a banner year.

Kenya Burrell-VanWormer with Houston Association of Realtors says we can attribute that a strong job growth, diversified market and general positive outlook.

"We've added over 80,000 jobs to the local market and I think that's what really helped propel us through 2019," said Burrell-VanWormer.

However, the Greater Houston Partnership's 2020 Employment Forecast Partnership forecast calls for the region to create 42,300 jobs in 2020.

"If there is a lower demand, but the same amount of properties on the market, or even an increase in inventory, that means we may be shifting to more of a buyer's market in Houston," said Burrell-VanWormer.

She said Houston's robust economy is one reason why we having a better housing market than other places in the nation.

She added that the luxury home market--from $500k to more than $1 million--saw a huge increase since 2015.

She said to be sure to partner with a local realtor to buy or sell.

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