Nationally, housing sales are slowing down (or coming to a halt). Houston, as usual, is another story.
Houston’s housing market still strong
— reported by the Houston Chronicle
Houston’s housing market churned out another record month, while the national market continued to cool.
The median price of a single-family home hit an all-time high of $155,890 in July, an increase of 7.5 percent over a year ago, according to the Houston Association of Realtors. The amount eclipsed the June median price of $155,500 after it was revised downward from $156,000.
This doesn’t tell me why apartments are at such a premium. It does let me know that a house may still be a good investment… I think.