Comment of the Day: An Inside-the-Loop Status Report

COMMENT OF THE DAY: AN INSIDE-THE-LOOP STATUS REPORT Townhomes“I am a real estate agent in the Heights-Montrose area. While sales are down a bit in volume, prices are still slowly rising. Correct: 2014 was a banner year, the likes of which may not be seen again for another few years. We are seeing price reductions on listings that were speculating the continuation of the rapid price increases — however, when the prices are brought down, they still sell. Here inside the Loop, we are quite busy, and the good stuff under 500k is moving nicely.” [Freddie, commenting on Houston Home Sales Continue To Tumble; One More Link in the Grand Parkway] Illustration: Lulu