The Houston real estate market is gaining national attention again. This time, holding some key spots in a national real estate report.
According to an article by RealtyNewsReport.com, CoreLogic predicts Houston to lead the nation in new home sales in 2018. This prediction was unveiled during the presentation of their 2018 Outlook earlier this month at the NAHB International Builders Show in Orlando.
Houston was also in the top 20 markets for year-over-year percent change in real estate values.
Also as part of the report, Dr. Frank Nothaft, Chief Economist for CoreLogic predicts mortgage rates to rise in 2018 by as much as a half point on their way to a full point higher in 2019.
Houston also showed up on the report as having a fairly high mortgage delinquency rate as compared to the rest of the country. This is most likely due to the effects of Hurricane Harvey.
With mortgage rates and property values potentially on the rise, Houston is showing continued signs of a strong real estate market.
If you would like to read the report in its entirety, you can download it here.
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