Houston’s Expensive Homes and Empty Offices; Downtown Sky Pool Dry for Now

Photo of Post Oak Blvd.: Russell Hancock via Swamplot Flickr Pool


2 Comment

  • Has HAR ever shown a Down month? I mean seriously, according to them and their self serving interests, despite and often in complete opposition to facts and figures, houston real estate market had doubled every 24 hours for the last 1,000 years.

  • @CS, I always find it helpful to go to HAR directly for the updates. Seeing those ever flattening trend lines is the best read on the market. I know things were moving very real start of the year for those ever-forthcoming tax cuts, but considering it’s the middle of prime summer buying season the mid-range in-town market looks the most anemic I’ve seen it in recent memory. Lots of good houses stagnating at fair prices (considering recent history) and have even been seeing lots of good homes pulled off the market before selling.
    It feels good though. We’ve needed far more stability in terms of home pricing and taxes and there’s definitely a good cushion of availability built up in the rental market now where people have time to rent and get finances in shape rather than just making the leap into homeownership and cutting everywhere else in their budgets.