The News is Bad . . . But Not Here

As far back as Fall 2005 the Wall Street Journal began to report that perhaps the housing market was peaking. I began searching for signs of it then in Houston and I'm still searching . . . Now the housing news elsewhere is quite bad, such as this article reporting that 10 US cities had a record drop in prices in November 2007.

It has not happened here and after compiling market conditions for ten price ranges in 19 popular zip codes five times per week since 2003 I can say things have pretty much remained the same. I noticed a slight upswing in inventory this week, but I think this is just a seasonal thing (time for new listings to come online) so the time to sort this all out will be after the end of the high season for buying and selling to see how much inventory is still out there unsold. I'll post again about this in the Fall. So far Houston has weathered the storm, or at least the areas of Houston that I work in.