According to the real estate forecaster Local Market Monitor, the latest Home Price Forecast has officially listed the Houston-Sugar Land-Baytown metropolitan area as expected to hold some of the strongest home prices in the nation over the next 12 months.

“These are markets that did not have a large boost in home prices over the last few years and therefore, even though the economy is doing poorly, no adjustment in prices has been necessary,” said Ingo Winzer, president of Local Market Monitor. “Steady economic growth and price appreciation have helped these markets remain stable.”

Because of Houston’s past stability in this area of the economy, turmoil is expected to be less profound than in other areas across the nation. This will create numerous opportunities for city- and state-wide growth in both the housing and employment sectors.

Not only has Houston been praised, but the Fort Worth-Arlington, McAllen-Edinburg-Mission, Dallas-Plano-Irving and San Antonio metropolitan areas have also been selected for the Top 10 List of featured top performing markets.

Source: Houston Business Journal