In 2014, Houston basically saw a beefed-up version of the real estate market in 2013; lots of buyers, very little inventory, sharply-rising home prices. Homes went under contract 24 hours after being listed, after having received multiple offers for significantly over the asking price. Buyers put in dozens of offers at list price only to have them beat by someone else who offered $10-15,000 over the asking price. To sum it up, 2014 was a tough year for homebuyers all over Houston.
Thankfully, due to the current state of the oil industry and the phrase "what goes up, must come down", Houston homebuyers will find some relief this year. Real estate experts say the market is going to level out a bit, leaning more towards a normal market versus the seller's market we have been seeing.
Click the link below to read the article about the 2015 real estate market prediction:
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Arthur Confait
Email: arthurconfait@gmail.com
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