With reports continuing to be positive for the economy of Texas and more specifically here in Houston, the real estate market should be as positive as it was for 2006. The Houston Business Journal's story on job creation is very positive.
The Houston Association of Realtors last press release indicates that the real estate market is continuing it's positive growth from 2006. The 2007 YTD numbers are very encouraging.
Even though the press has reported increases in foreclosed homes in Texas, they are primarily due to sub-prime and /or interest only loans and ARMS.
The suburban builders are offering incentives to both buyers and agents currently. I've seen $10,000. being offered to buyers for upgrades provided they buy inventory homes. A client of mine recently contracted with KB homes and due to circumstances beyond their control they had to wait to submit a contract. Ultimatley they recieved a better price on the home. Hooray!!
If you have any specific questions about the market send me a an email.