Houston housing in a boom

HOUSTON — (August 14, 2019) — Consumers kept Realtors across greater Houston busy in July, accounting for the greatest one-month volume of single-family home sales of all time. According to the latest monthly report from the Houston Association of Realtors® (HAR), July single-family home sales totaled 8,953. That is up 11.6 percent year-over-year and exceeds the last one-month sales volume record set in June 2018 (8,385). On a year-to-date basis, sales are 3.0 percent ahead of 2018’s record volume. Realtors point to low mortgage interest rates and the steady growth in inventory for the solid monthly performance.

Homes in the $500,000 to $750,000 range staged the biggest sales gains, up 22.0 percent versus July 2018. Next were homes in the $250,000 to $500,000 range, which rose 16.9 percent. The luxury segment, which consists of homes priced at $750,000 and above, increased 5.3 percent.
The median price of a single-family home (the figure at which half of the homes sold for more and half sold for less) reached the highest level ever for a July, climbing 2.2 percent to $250,000. The average price also set a July record, rising 2.2 percent to $312,727.

This would be the flight to Texas from Illinois, New York and California.   Be careful in Houston, gov Abbot hands out AR15s to the mentally ill.  The best method to escape the Rick Scott reign of terror is to vote for Biden from the Texas suburbs.  That really scares the Repubs in Texas.