Anyone sitting on the real estate sidelines from a media-induced coma needs to wake up and smell the future in Houston, Texas. Yes, the Houston residential real estate market is experiencing a temporary lull from its "go-go" days of 2006 and 2007, but it is not from a lack of a robust job market and economy. I think it is the media. The city has even greater prospects for the future. But don't trust us, look at national publications such as Kiplingers.com, who recently named Houston as the Number 1 City for 2008 and called it the "Comeback Kid". http://www.kiplinger.com/features/archives/2008/05/2008-best-city-houston.html
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It just seems that many buyers are sitting on the fence, but more magazines are reporting the greater Houston area to be a good place to buy a home. I wonder if people are having a hard time with finding appropriate mortgages, or if they are thinking that there is a better time to buy.
Posted by: Frank Schulte-Ladbeck | June 22, 2008 at 02:28 PM