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George Chiriboga

CDPE, CIPS, CNE, CRS
Chiriboga Realty LLC
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Houston No. 1 U.S. RE Market in 2013

January 2nd, 2013



Trulia has just issued a forefor 2013, appointing Houston as the Healthiest Real Estate Market in the US for 2013 due to strong job growth, and low-resale and low-foreclosure inventories.

As you can tell from the above graph -published by the Houston Association of Realtors in its 12/18/12 report- prices have risen steadily in Houston even from 2007.

Four of the top 10 healthiest markets are in TX:

1. Houston, TX
2. San Francisco, CA
3. Bethesda-Rockville-Frederick, MD
4. San Antonio, TX
5. Austin, TX
6. Seattle, WA
7. Omaha, NE-IA
8. Peabody, MA
9. Forth Worth, TX
10. Louisville, KY-IN

Going back to the above graph, let's pay attention to the black lines that represent the lowest prices for a certain year, and the red vertical lines that represent the peak prices for that given year.

You can verify that the lowest prices occur just at the end of every year, and the peak prices around June every year. As you can see, we can be certain that prices will continue to increase from now on until they reach their peak in June 2013. Therefore, do not wait any longer, and make your move now, as prices will continue their strong correction.

According to Trulia, these 10 markets should set the pace as the national housing market continues to return to health next year.

If you want to read the entire article, please click here.

One of the things that we do is to educate our clients about how to best buy a home in this new world. Call us at 713-589-3234 and we will continue educating you.

As a By Referral Only®, and Certified Negotiator Expert (C.N.E.), Certified Distressed Property Expert (C.D.P.E.), REALTOR® , I am committed to providing such extraordinary service and expertise that you will gladly refer your friends, family and acquaintances. With your help I am able to build strong business relationships one person at a time.

Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Chiriboga Realty LLC
5555 W Loop South, Ste 420-C, Bellaire, TX 77401   Get Directions
Phone: (713) 589-3234
Fax: (281) 761-6553
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