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In a nutshell, if you don’t have a job, you can’t get a mortgage. With no mortgage, if you’re like most people, you can’t buy a house. So the fact that employment in Houston is at record levels bodes well for our future, especially the housing market.
Employment is therefore a leading indicator relative to housing sales which should start to come out of the doldrums this year. Mortgages may be harder to get than in the past, but jobs provide the grease to propel real estate transactions and valuations.
If you would like to talk about your situation, buying or selling, please don’t hesitate to call me at 281-582-3925. I will get back to you as quickly as I can if I am not there. You can also email me at slandreth@heritagetexas.com
Data is Based on information from the Houston Realtors® Information Service or its MLS for the period 1/1/2007 through 12/31/2012.
© 2012 Scott Landreth
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