Wednesday, September 12, 2018

Houston’s housing market still strong in August, even after removing the 'Harvey effect'

A year ago, Hurricane Harvey threw Houston’s real estate market out of whack. The storm’s timing toward the end of the month — when home closings are commonly scheduled — caused August 2017 single-family home sales to plummet 25.7 percent compared to August 2016, the Houston Association of Realtors reported at the time.  Thus, year-over-year comparisons for August 2018 are distorted, but the market is still going strong even after removing the “Harvey effect,” according to a Sept.…

from DIYS https://ift.tt/2COWbdJ

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