Houston Market Overview - 2009 May YTD
Houston was named by Fast Company Magazine as one of the 13 most creative cities in the world. To view the full article and find out why, go to:
13 Most Creative Cities in the World
Another milestone for Houston in the real estate arena came from the Texas A & M Real Estate Center quoting Mike Inselmann, President of MetroStudy about new home sales in Houston: ”
“Despite sharp cuts in new home production, Houston still ranks as the nation’s top home-building market from March 2008 to March 2009, when builders started 22,502 homes and closed 28,326.”
Houstonians are fortunate to be living in a city where the number of single-family homes on the market [inventory] has declined more than the number of home sales or for that matter, the amount of buyer-demand. For more of the story, click here.