Dateline: June 18, 2009--The Brookings Institute has named Houston as the top housing market in the nation. According to an article in the Dallas Morning News, “Brookings researchers make these claims based on the Federal Housing Finance Agency's quarterly House Price Index, which tracks values of homes mortgaged by Fannie Mae and Freddie Mac.”
Brookings Institute ranked the following Best U.S. Housing Markets as follows:
1. Houston
2. Buffalo
3. Dallas-Fort Worth
4. Wichita
5. Greenville, S.C.
Another milestone for Houston real estate came from the Texas A & M Real Estate Center quoting Mike Inselmann, President of MetroStudy about new home sales in Houston: “Despite sharp cuts in new home production, Houston still ranks as the nation’s top home-building market from March 2008 to March 2009, when builders started 22,502 homes and closed 28,326.”
Bottom line, Houston is the best place to have a housing investment or to acquire one.