In contrast to the headline-grabbing, downward spiral of some East and West Coast markets, the Houston housing market is relatively stable, with home values appreciating at rates higher than the ten-year average. Nationally, the housing industry is undergoing a self-inflicted slowdown, but the fundamental market for housing remains strong. While the new home market in Houston may contract 15 to 20 percent this year, almost all of that contraction will be in starts of new homes priced below $175,000.

“Job growth, population and household expansion have been strong, and energy prices indicate the local economy will remain relatively solid in the foreseeable future,” said Mike Inselmann, president of Metrostudy.

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