Houston Real Estate in December: Sales declined 4.1% YoY, Inventory Up 13%

Houston set a record for sales in 2018. However, the year ended soft, and with lower oil prices - in addition to higher mortgage rates - 2019 will probably be a more difficult year in Houston. From the HAR: Sluggish December sales and limited housing supply can't slow down overall real estate activity for the year The Houston real estate market set new records in 2018 despite uncertainty across the region when the year began, with many survivors of Hurricane Harvey still rebuilding their homes and lives. Single-family home sales for the full year surpassed 2017's record volume by nearly four......(read more)

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