Don't believe everything you read and hear from the media with regards to real estate - especially as it relates to the Greater Houston area. Good news doesn't sell newspapers, but below is some information that you may not be aware of. It reflects both national and local statistics: 30% of ALL HOMES are OWNED FREE AND CLEAR with no mortgage 96.7% of homes with a mortgage are not in foreclosure Of the approximately 3% homes in foreclosure, 50% of these are in CA, MI, FL, Las Vegas & Phoenix The US GDP is more than that of the next three countries combined Housing affordability is the best its been in 30 years and Interest Rates are at a 35 year low Texas was ranked #1 in the Nation for offering the best home values, Houston was the #1 City in the nation for Real Estate and we have a great economy that is growing!