Discover why high demand and affordability mean that the Houston property market in 2019 and particularly rentals are set for another record year.
Half-way through the year, what should you know about the Houston property market? Read on to discover 5 investor must-know facts plus key takeaways
Property in Houston reached record heights in June, confirming the city’s potential as one of the hotspots for US property this year. Monthly sales were the best ever and median prices reached a historic high, ahead even of those registered in 2014 a record year in itself.
After a quieter month in May, the Houston property market returned to frenzied activity in June recording the highest prices ever and quickest turnover levels of properties. According the experts, this illustrates that demand in the market continues to far run ahead of supply.
House prices for single family homes in Houston recently hit an all-time high as the property market in the city continues to show an imbalance of demand and supply. Real estate experts expect this situation to continue for the immediate future meaning that for many families, the only solution is to rent a property.