Good News for Houston

It is always nice to hear good news. There doesn't seem to be enough of it to go around. Whenever I get the opportunity if the news is good, I like to share it. Last night I was able to call my client and share the "good news" that their house was going to close soon (this was after a few phone calls, and visits sharing less than good news). Good news lifts the soul.

In that spirit, I thought I'd share some encouraging news I read recently in the most recent issue of Realtor Magazine. In the article "Buyer Hesitation Begins to Dissolve" Laurence Yun, Chief economist of the National Association of Realtors stated

".....home prices and mortgage payments in relation to income are comfortably below historical levels, at least in many markets. That suggests home prices have overcorrected downward. Some markets, as a result, could experience a snap back in home prices, with price gains in the high single digits or low double digits, compared with historical average annual price appreciation of 4 percent. Houston, Denver and San Diego are among the markets on track to have better-than-average price gains in the next two years." (bold add by me)

Now I can't take credit that my hometown of San Diego and my current home of Houston are both mentioned in this national magazine, but it is encouraging to see. Even if it is just one man's opinion, it is a nice balance to the despair we are innondated with.

So relax those shoulders, put a smile on your face and think if you have any good news. If so, share it!