Houston home prices still going strong

Houston Business Journal

The Houston-area was among the highest-performing major markets for home-price gains in the third quarter, according to a report from Clear Capital.

The research firm found home prices in the Houston-Baytown-Sugar Land metropolitan area rose 3.1 percent during the three-month period ended in September compared to the previous quarter of this year.

Price gains jumped 13.1 percent year-over-year for September, giving the Houston area the third-largest rise among the Top 15 highest-performing markets behind Detroit and Cleveland.

Nationally, home prices remained volatile, according to Truckee, Calif.-based Clear Capital. Quarterly prices dipped 0.2 percent while the saturation of bank-owned properties rose 1.1 percent.

Birmingham, Ala. was the highest performing major market, while Atlanta topped the list of lowest-performing markets during September.