A report released this week by Homes.com provides further evidence that Texas is leading the way in the nation’s housing recovery.
Six Texas metros ranked among the top ten on the real estate portal’s Rebound Report. Four of those took the top spots.
San Antonio-New Braunfels ranked first at 290.12 percent (a value of 100 percent or higher means the area has fully recovered any price decline from the recession).
Houston-Sugar Land-Baytown was second with 276.57 percent, Austin-Round Rock-San Marcos third with 271.35 percent, and Dallas-Fort Worth-Arlington fourth with 261.13 percent.
McAllen-Edinburg-Mission ranked seventh with 231.11 percent, and El Paso ninth with 169.01 percent.
The Rebound Report, which shows how the housing recovery process is unfolding across the country, shows 77 out of the 300 markets measured seeing a complete price recovery. The reports are released monthly as a way of gauging the current state of the housing market.
Source: Homes.com