Houston only major Texas city to see declining luxury home sales in 2016

Texas Realtors are on track to sell the most homes in the history of the Lone Star State — outpacing last year’s record-breaking level despite the oil slump, according to a new statewide report. Nearly a quarter of a million homes were sold in the first three quarters of 2016, according to the Texas Association of Realtors’ 2016 annual housing report. The statewide Realtors organization attributed the sales success to several factors, including the rise of Millennial buyers, booming Baby Boomers…

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