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Houston Market
Home » Houston » Real Estate - Houston » Houston MarketThroughout 2005 and most certainly 2006, there has been a large increase in the demand for properties in Houston due to the local job growth in the area which is not ready to explode but offers potential owners a chance to get on the ladder.
It is said that the housing market within the area is still very affordable compared to other major cities due to the economy taking advantage of the high energy prices that are charged throughout the area, it is said once the energy prices being to stabilise then so might the property prices and meet the average of other areas throughout the United States.
One problem that has continued to plague the market is rising interest rates in the area, this has resulted in three times more foreclosures than just three years ago.
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