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The 5 cities with the biggest decline in home values and Houston isn't on it! TYG

By Cheri Smith

Real Estate Agent with Prudential Gary Greene, Cypress TX

May 19, 2008 01:15 PM

I was reading Yahoo News this evening and came across this article.

http://promo.realestate.yahoo.com/five-cities-with-biggest-decline-in-home-values.html

The good news is that Houston was not on the list. The bad news is that according to the article the 5 cities with the biggest decline in home values are:

Las Vegas

Miami

Phoenix

Los Angeles

San Diego

Personally I believe that was because the houses were overvalued, overpriced to begin with and it was only a matter of time before the bubble burst.

Regardless, I am happy to see that in that article they included the top 10 seller's markets and they were:

Rarleigh, NC

San Francisco, CA

Austin, TX

San Antonio, TX

St Louis, MO

Houston, TX

Portland, OR

Dallas, TX

Denver, CO

Baltimore, MD

That is 4 Texas towns! So real estate is still doing well in Texas which is what we here knew all along. So anyone that was hesitating on buying or selling in Texas, let this article be "proof" that the sky is not falling in Texas real estate.

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Susan Hilton

CENTURY 21 Beal, Inc. - College Station, TX

Texas Aggie Real Estate, College Station Bryan Texas Real Estate

If Bryan/College Station was just a little bigger we would have made the GOOD list! We have a wonderful market!

www.thecenturytreereader.com

May 19, 2008 01:25 PM

Heather the Realtor Orlando, Lake Mary

LemonTree Realty - Orlando, FL

First Time Home Buyers, Bank Owned Homes

Wow for once Orlando florida is not on there. Wahooo Our market was way over priced for the area without salaries and jobs to support it.

May 19, 2008 01:49 PM

Don Eichler

Eichler Properties - Granbury, TX

Cheri, Don't you just love Texas.

May 19, 2008 04:02 PM

Liz Carter

Liz Carter & Team Realty-Your Real Estate Resource For Life! - Katy, TX

Broker/Owner of Liz Carter & Team Realty, Katy TX (Houston)

Cheri', I'm with Don...love Texas for more reasons than that...but good news. Liz

May 20, 2008 06:51 PM

Carl Winters

Canyon Lake, TX

Yeahaw! San Antonio finally made the list. This is a big time accomplishment for San Antonio and of course our other cities in The Great State of Texas. It really means, we in Texas are realistic about our housing market and hopefully will continue and not allow others to come in and change things.

May 22, 2008 01:41 AM

Cheri Smith

Prudential Gary Greene, Cypress TX - Cypress, TX

Realtor Prudential Gary Greene

Carl, thank you for commenting. Guess where I am spending the weekend? Well, I am staying at a hotel in Seguin because we couldn't get 3 rooms in New Braunfels but we will be on the river this weekend, hope to stop and shop in New Braunfels for awhile and I'm sure do some eating in Greu(ue)ne. My kids want to go to the tube shoot but I don't know if they are even open, although I assume they are, but I know it will be too crowded. It had better not rain!

May 22, 2008 02:11 AM

Have a fun and safe weekend. Watch that traffic between Seguin and New Braunfels. I'm not aware of rain in the foecast, but you never know when a little storm may come out of nowhere. They usually don't last long. Did you check with the N.B. Chamber for hotels in N.B.? It would save you some driving time, but of course, once in Seguin you can easily hit I-10.

May 22, 2008 03:12 AM

I checked there, hotels.com, expedia, priceline, etc. lol. Problem was I needed 3 rooms and was on a budget....so Seguin was best value for the price.

May 22, 2008 03:16 AM

The 5 cities with the biggest decline in home values and Houston isn't on it! TYG

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Cheri Smith

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