Houston Home Market
After hurricane Katrina flooded our home here In Slidell Louisiana I lived in Houston for a few weeks. My cousin recently sold his home to take another job in Ohio. I was surprised to hear what he got for it. This home was bought new by him in 1993 for about 95000. He sold it for 130000 14 years later. This was a nice house in a great neighborhood with good schools etc. He told me it seems the builders just keep building new neighborhoods and the old homes don't go up in value much.
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