Dr. Ted Jones delivered a higher home prices forecast for the Greater Houston Metropolitan area. Dr. Jones is an economist with the Instutute for Regional Forecasting, of the Hobby Center for Public Policy, of the University of Houston.
The Houston Chronicle quoted Dr. Jones as follows...
"Area housing prices will rise this year amid a strong local economy and a limited supply, economist Ted C. Jones said Tuesday at an annual symposium on real estate and the economy.
"Apartment rents could go up as much as 10 percent, which will encourage more people to become homeowners. The median price of a house will rise about 3 percent, Jones, chief economist for Stewart Title Guaranty Co.,told an audience...
"'This market is back," he said. 'It's vibrant.'"
Whenever possible, I always try to attend these economic lectures held by the Institute for Regional Forecasting of the University of Houston. I find them insightful and fascinating. I would have loved to hear Dr. Jones deliver his higher home prices forecast. But this month, I was just too darned busy, well, selling real estate.
Roger Martin Properties