There are more luxury homes hitting and then sitting on Houston’s market amid the oil slump, according to a new report. The Texas Association of Realtors recently released its annual statewide luxury home sales report, which found that Houston was the only major Texas city to experience a decline in luxury home sales between 2015 and 2016. Sales of Houston homes priced at $1 million and higher fell 7.9 percent year over year, according to the real estate organization. Here are the major takeaways…
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