Real estate transactions swift in Houston

The home sales process doesn't take long in Houston when compared to other metro areas.If prospective homeowners are interested in purchasing a property as quickly and as seamlessly as possible, the Houston real estate market may be their best bet.According to new statistics released by national real estate broker Redfin, Houston is home to the third-fastest real estate market in the country. This was determined through the analysis of so-called “flash sales,” or transactions that went under contract in 24 hours or less. In the past five months, approximately 190 took place in the Lone Star State's most-populous city.Across the country, Phoenix led the way for flash sales overall, totaling nearly 550, followed by Chicago at 261. Fellow Texas locations Dallas and Austin rounded out the country's fastest real estate markets at 184 and 163, respectively.Houston homes have been in the news with great frequency as of late. ZipRealty recently described the city as having the second-most affordable housing market in the country, while cities like Washington, D.C., Brooklyn, San Francisco and San Diego are exceedingly expensive. Cost estimates like house price-to-income level, are far higher than the national average.
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