Real estate is a "local" business, yet so often, we buy into what CNN or other national media has to report on the real estate market as being OUR market. It may, or may not be true.
This report came out from the Houston Assocation of Realtors and will be released to the media shortly. Thought you might like to see it. In our buisness we see quite a number of families relocating to Houston and it's important that they are properly educated on the market here. Many times they've sold a property in another part of the country where the market was quite different from ours.
I've always cautioned buyers that Houston is NOT one of those markets where you should expect to buy a home, then sell it 2 years later for a 20% profit. Typically we see slow but steady appreciation; generally about 3-4% per year.
Take a look at the link here: