Houston projected to be country’s healthiest housing market in 2013

The new year is expected to be a hot one for real estate in Houston.Houston homes and the Texas real estate scene will likely be among the healthiest in the country in 2013, a new forecast indicates.According to a recent report from home listing service Trulia, Houston is anticipated to be home to the best real estate climate in the new year among major metropolitan areas.Jed Kolko, chief economist at Trulia, based this on a variety of aspects, such as Houston consistently exhibiting strong job growth, low vacancy rates and a reduced foreclosure inventory.Distressed properties are relatively limited in Houston and the Lone Star State overall. According to RealtyTrac, approximately one in every 1,455 housing units received a foreclosure notice in November 2012, the latest month for which data is available.Other cities that are projected to fair well in 2013 include San Francisco; Bethesda, Maryland; Peabody, Massachusetts; and Seattle, Washington. Of Trulia top 10 healthiest markets, three are in Texas. San Antonio and Austin were in the fourth and fifth positions, respectively, on the list.Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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