This article is over 13 years old

Business

Friday AM June 26th, 2009

A national real estate forecaster says Houston home prices should do pretty well over the next year. Jack Williams reports.

Listen

To embed this piece of audio in your site, please use this code:

<iframe src="https://embed.hpm.io/68882/15868" style="height: 115px; width: 100%;"></iframe>
X

image of house for sale

North Carolina-based Local Market Monitor predicts home prices in 300 markets nationwide. Its latest forecast shows the Houston market could be one of the strongest over the next year. This is the company’s Carolyn Beggs.

“Houston is forecasted to increase in value by 2-percent over the coming, so that would be to the second quarter of 2010. The reason why is that Houston home prices are currently what we consider to be in balance, meaning that the equilibrium home price is relatively close to the actual home prices in the market, so the market not currently overprices.”

Beggs says several other Texas markets should do well too, including Dallas-Fort Worth, McAllen and San Antonio. The markets not expected to see home price improvement include those in California, Nevada and Florida. Those states that have already been hit hard by the real estate downturn. 

Today in Houston Newsletter Signup
We're in the process of transitioning services for our Today in Houston newsletter. If you'd like to sign up now, fill out the form below and we will add you as soon as we finish the transition. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Your subscription will be migrated over.

Jack Williams

Executive Producer for Daily News

Jack is back in Houston after some time away working in public radio and television in Lincoln, Nebraska. Before leaving for the Midwest, he worked in various roles at Houston Public Media from 2000-2016, including reporting, hosting and anchoring. Jack has also worked in commercial news radio in Houston, Austin...

More Information