Phoenix News: Sunbelt scenario: Houston Phoenix Eclipse South-West Of The Rapidly Growing Property Market, According To Lewis Realty Advisors
Houston and Phoenix – the nation’s fourth and fifth largest cities – are not
the same universe, when it comes to the health of their housing markets,
Lewis Realty Advisors, one of the nation’s leading real estate company
Consultants.
A careful study of these two fast growing markets of South-West shows clearly that Houston real estate market is proof that exceeds the shelf Conditions in Phoenix.
“Real estate prices are kept unchanged in Houston, and decreases were
relatively low, “said David Lewis, CEO of Houston based Lewis Realty Advisors.
In the Phoenix real estate boom in the early 2000s, large Seizures, falling home prices and rising unemployment.
Phoenix Area decreased the highest annual decline in house prices in any city
in the country – a staggering 35.3 per cent in the period April 2008 to this year”
Kobriger said Kim, senior analyst at Lewis Realty Advisors. Houston Home
Prices have fallen, but the declines are not serious.”
Phoenix Home Prices income increased $ 250,000 in 2007 to $ 104,000 until
Mid-2009. The reduction during the same period, average house prices, Houston
Only $ 20,000.
“At Phoenix home prices down 54 percent from peak levels in June 2006″
Kobriger said, by an analytical comparison of Houston and Phoenix
Shopping.
While much of the blade of the economy through a strong impetus to Houston
Energy markets, oil and gas wells and associated with an increased number of jobs.
Phoenix economy does not go through such housing price dynamics and fasten
plummeting.
Kobriger, former director of internal audit in the Maricopa County Assessor `S
Office, and served as chapter president of the Phoenix Review Institute and he holds the prestigious Institute FRIEND
Purpose.
Founded in 1961, Lewis Realty Advisors provides advice and assessment
Services, the leading areas of investment decisions and analysis of private property the owners and government agencies.
