Houston makes list of improving housing markets

Stability in Houston's economy was a major contributor to the housing market's success.The national list of improving local housing markets grew significantly at the beginning of September and Houston was once again of the list.The list grew to a total of 99, up from 80 in September 2011, according to a report from the National Association of Home Builders. To be considered improving, a metropolitan area must experience six consecutive months of increased housing permits, home price gains and employment growth.”This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next,” said NAHB chairman Barry Rutenberg.Stability in Houston's economy was a major contributor to the housing market's success. Specifically, job growth in the area has expanded 7.5 percent since the beginning of 2010, which was one of the highest rates on the list.??With home prices in the area stable, and companies from the energy industry unveiling plans to further expand their presence in the near future, investing in Houston real estate could prove to be a great investment. Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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