FORECAST: HOUSTON COULD LEAD IN HOME PRICE APPRECIATION
HOUSTON (Houston Business Journal) - According to a new report from Veros Real Estate Solutions, Texas could lead the nation in home price appreciation over the next year.
Houston-Sugar Land-Baytown is expected to post the strongest home price appreciation of any U.S. city with a 3.8 percent increase in home prices, the report showed. Dallas and Amarillo ranked second and third with 2.7 percent, while Beaumont-Port Arthur landed at seventh.
Houston's relatively low unemployment - 8.7 percent in August - contributed to the city showing an increase in home prices in the third quarter, and that trend should continue, the report indicated.
Marilyn Wier ABR, CIPS, CLHMS, CRS, GRI, SRES
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