Saturday, June 03, 2006

Upscale home prices in Houston booming

Well, at least Houston's upper-level real estate market is booming according to a piece I saw this past week in the Sun-Times.

As housing prices slow in much of the U.S., homes in the Houston neighborhood of River Oaks are selling faster, in large numbers and at higher prices than a year ago.

Growing demand at the top end reflects strength throughout the Houston market, which is getting a lift from soaring oil prices. The fourth-largest U.S. city is known as the world's energy capital...Some mansions sit on three-acre lots, and the median selling price was $1.2 million early this year, up from $940,000 the year before.

1 Comments:

At 3:13 PM, Blogger STD Area Telephone Dialling Codes List India said...

At that time the home prices are at boom and if we compare the same to present scenario we will found a real estate market in deep trouble what a contrast.
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