| Houston's real estate market had some wild ups and downs last year, from the insanity of trying to buy a home among thousands of others taking advantage of ultra-low interest rates, to an extreme increase in those rates toward the end of the year. The change in the market hasn't led to a significant drop in Houston home prices, however. That fact coupled with fears of a possible recession means that even if interest rates drop, sales aren't expected to rebound to the same levels as recent years. "If we have a combination of softening prices for homes, slightly lower mortgage rates and rising wages, we should start to see the sales market for homes pick up a little again," economist Rick Sharga told Marissa Luck. "Will we go back to 2021 levels? Probably not." Today brings cooler weather again, with sunny skies and highs in the mid-60s. |
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