How is the real estate market in Houston TX?

Houston has a track record of being one of the best long-term real estate investments in the U.S. Since 2012, the Houston home values have appreciated by nearly 81% — Zillow Home Value Index. ZHVI represents the whole housing stock and not just the homes that list or sell in a given month.

How long does a house stay on the market in Houston TX?

The average amount of days a home stays on market even shortened from an average of 59 days to 46 days. According to local agents, nothing stays on the market for long as buyers are buying homes at a fast pace by taking advantage of the record low mortgage rates.

Where to file a tax return in Houston TX?

If filing by mail, include your original document and remit a cashier’s check, money order made out to Diane Trautman, Harris County Clerk or the Real Property credit card authorization form and mail to: Diane Trautman, Harris County Clerk., and Attention: Real Property, P.O. Box 1525, Houston, TX. 77251.

Is there a housing bubble in Houston Texas?

Houston didn’t experience a housing bubble the way the rest of the country did. It’s home to more Fortune 500 headquarters than anywhere in America except for New York. It’s one of the centers of America’s booming oil and gas industry.

Why is the Houston area housing market booming?

Record-low mortgage rates and a dearth of homes for sale are two key reasons that help explain why the Houston houisng market will be booming in 2021 as well. In March 2021, the Greater Houston area housing market continued its momentum of price and sales growth.

What’s the current supply of homes on the market in Houston?

Single-family home inventory in April 2021 plunged 26.8 percent year over year to a record-low 1.4-month supply, down from a 3.4 month supply in April 2020. It refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.

Where is the hottest housing market in the United States?

According to Realtor.com, midwest and northeast housing markets are the hottest and together makeup 14 of the 20 hottest housing markets in the country. Manchester-Nashua, NH maintains its hold as the hottest housing market in the country with half of all homes in Manchester selling in under 10 days.

Why is the Houston housing market so good?

Because real estate was deemed “an essential service” in Houston during the quarantine, the housing market held up much better than other cities across the nation. See how showings, new listings & sales trended day by day during the lock down. The #1 predictor of real estate prices is job growth.