Tuesday, January 22, 2008

Record Year for Houston Real Estate Doesn't Resonate, Whopping Decline in Sales

With volume softening, a near collapse of the affordable property market, Houston realtors were surprised to read their association's recent pronouncement:
The year 2007 shaped up to be one of the best on record for property sales in Houston.

Realtors can succeed in this environment by catering to the high-end. The liquidiy crisis affecting large banks and their investors is hitting the average middle-class homeowner the hardest.

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