The San Antonio Business Journal is reporting that only two U.S. metro areas have seen increases in home values since 2007 - (the year in which home values peaked) and they're both in Texas! Houston and San Antonio. I feel so blessed to be located in the greater Houston Area!
According to FNC Inc., a mortgage technology company based in Oxford, Mississippi, Houston reported a 4.8% increase in home values and San Antonio saw a 2% increase.
Nationally, home prices were down 3.5% at the end of 2011, compared to prices reported in 2010.
In other real estate economic news today, The Houston Business Journal is reporting that Houston is expected to add 91,000,(yes, that's 91,000) jobs in 2012, according to a new report out from Marcus & Millichap. Marcus & Millichap is the larges national commercial real estate brokerage firm that specializes in real estate investment services. They have a research division dedicated to providing their clients with cutting edge market information and analysis.
