This end-of-July post brings a some good news nationally and locally for the housing market. The recent Case-Shiller Price Index showed that prices were up in eight cities nationally (they don't do Houston) and both West U and Bellaire have bounced back from Buyer's Markets in the weighted averages. Both are now Slightly Strong (gray) markets. See more here.
In May I began a new analysis, the average of the weighted averages, so I would know for certain when the market begins to change. Right now it is hovering around ten months and not declining. When I see some movement I'll do statistical analysis on the data and publish it when the time is right.
