Market appreciation till when??

Status: Closed
Jun 28, 2017 Views2,777 Answer a Question

Is the housing bubble ending this year?
Is No increase in pricing a mark for the recession

Asked by
Consumer
Categories:
Home Appraisals
About 4 years ago
The market has seen increase on home values in certain neighborhoods. I will get listings that may take 189 days to sell and some that are gone within hours all listed in the same time frame . worldvaping
About 6 years ago
Hello Raith,

What Bubble? Houston has been a bit down with the oil bust that started in 2013. With oil staying steady around $45 a barrel (June, 2017), oil companies are starting to come back to life and no more layoffs. And thankfully people are still moving to Houston, be it a bit slower pace. Real estate varies in so many ways, its hard to give a general statement "market appreciating up or down". For overall Houston, prices are starting to come up, but very slowly. And again, it depends in price range and areas of town. $300,000-$500,000 in Katy might not be moving at all, but $175,000-$250,000 in northwest Houston are flying off the shelves! And those two price ranges are effected in very different ways.
Best advise, don't listen too closely to the national news because real estate is always local! Watch the inflation rate as somewhat of a gauge of general price increases/decreases. If your a Buyer or Seller, best to speak to an experienced Realtor and look at the trends of the price ranges, community, areas you have interest in. Good luck if your trying to "time" the market.

Mark McNitt
832-567-4357
Bernstein Realty
About 6 years ago
No, it takes pretty significant trends to classify being in a recession. The market has seen increase on home values in certain neighborhoods. I will get listings that may take 189 days to sell and some that are gone within hours all listed in the same time frame .The demand is different depending on mls area, zipcode, neighborhood, and sometimes style of house. I have seen plenty of times in neighborhoods where 1 stories sell 4 times as fast as a 2 story because of the demand. Many family's don't want stairs for small kids, heating and cooling is normally less, and 1 story homes can be the perfect retirement homes because of the lack of stairs.

Hope this helps
#1 Awarded – Best Answer
About 6 years ago
We will have appreciation as long as we continue to have a net increase in population. It will vary from area to area, always does. Some areas will see little to no appreciation while others closer in where the jobs are and better mobility will appreciate more. Keep in mind there are no guarantees it will continue another day or our lives for that matter. But homeowners in general in the Houston area should feel pretty good about their investment.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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