HOUSTON (Houston Business Journal) – A new report from Clear Capital provides further evidence that Texas housing markets are faring better than the nation’s.
According to the real estate data provider, the average home price in Houston dropped .8 percent in 2011. Nationally, prices dropped 2.1 percent.
In fourth quarter 2011, the city’s home prices increased by 1.8 percent compared with the national decrease of .4 percent.
Clear Capital expects Houston home prices to increase by 3 percent this year, compared with the nation’s .2 percent.