The average price for a home in the Houston area reached an all time high for the month of June. Since the first time homebuyer's tax credit expired, there has been a slowdown in sales volume. Now we are starting to see the market potential in a climate without special incentives, and the data is encouraging. If the market stabilizes, homeowners can start to see real appreciation for their homes in the near future, which will reemphasize the investment power of homeownership.
Check out this video for the full June update from the Houston Association of Realtors.
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