Markets & Economy

Report’s view of Houston a bit deceiving

City ranks well when it comes to housing and home sales drivers
  • Houston homeowners are "generally satisfied" with local price appreciation and the market in general,  but the city did not rank as locale to own in.
  • City's inventory is growing at a time when perception regarding its economy is high.
  • Market did not rank well when it came to climate, healthiness, safety, commute and education.

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Houston was recently ranked as the 40th best place to own a home, a surprising placement considering homeowners' perceptions of the city's economics and real estate. A survey conducted by Porch and Redfin ranked Houston tops in the nation in its economics metric and 15th out of 66 metros in the real estate metric. Houston homeowners are more confident in their local economy to "provide jobs and continued opportunities" than anywhere else in the nation, the survey found. The city's top 20 real estate ranking was based on homeowners' "generally satisfied" responses to three questions, which pertained to home price appreciation, affordability and the availability of homes for sale. In total, 119 Houston owners were polled. [Tweet "Porch/Redfin: Houston homeowners are more confident in their local economy than homeowners in any other metro."] Recent home sales data shows why homeowners should be confident in the city's housing market. pawel.gaul / During t...