Houston Home Prices Are Doing Much Better Than Rest of Nation
by Janet Owens
on Tuesday, January 10th, 2012 at 5:22pm.
According to Clear Capital, which services mortgage and lending industries, the Texas housing markets are doing much better than the rest of the nation.
The average Houston home prices dropped .8 percent in 2011 compared to a 2.1 percent nationally. Houston's home prices increased by 1.8 percent in the fourth quarter of 2011, compared with a national decrease 4 percent.
Clear Capital is further expecting Houston home prices to increase by 3 percent this year while expecting to see only a 2 percent rise nationally.