Recession-Proof

Houston housing market is just about recession proof, new study claims

Houston places in the No. 3 spot for most-recovered housing markets in the nation.

While the Houston housing market is jittery over falling oil prices, a new real estate report claims that the Houston metro area is near the top of a list of cities where housing prices have bounced back the most from the Great Recession.

Using data from the federal home price index from 1991 through the fourth quarter of 2015, online mortgage and loan resource center HSH.com created a "home price recovery index." The data shows each market's pre-housing-crisis peak value, bottom value, and current housing value.

Houston-The Woodlands-Sugar Land takes the No. 3 spot among the metro areas that have recovered the most since the recession. Home prices are a whopping 43.7 percent higher than the pre-recession peak. The current value is $289,140, compared to $201,260 before the recession.

Austin-Round Rock places in the No. 2 spot, with prices 44 percent above their pre-housing-crisis peak value. The current value is $390,070, compared to $270,780 before the recession. Only the Denver metro area has recovered more, at 45.29 percent.

Most of the metro areas in our great state have experienced major recovery. Dallas-Plano-Irving takes the No. 5 spot, and Fort Worth-Arlington follows at No. 6. San Antonio was bumped from the top 10 by Honolulu and Oklahoma City.

To understand what these numbers mean for home prices, HSH.com offers a “home value estimator,” which allows homeowners to see how the price change in Houston has affected the value of their home. And, as you may have already guessed, if you own property in Houston, you can expect to see big numbers that indicate a great return on your investment.

trends texas reports rankings

spacious sandalwood retreat

England-inspired lakeside Houston mansion hits market for $7.75 million

Photo by Aria Media for Martha Turner Sotheby's International Realty

This secluded, wooded estate is for sale for $7.75 million.

On the shores of Sandalwood’s largest lake is a stunning wooded estate. 50 Patti Lynn Lane, tucked between Briar Forest Drive and Memorial Drive, offers luxury living in tranquil seclusion. It’s on the market for $7.75 million and listed by Inga Laughlin Smith with Martha Turner Sotheby's International Realty.

A rare find, this 9,000-square-foot home offers five bedrooms, five full and four partial bathrooms, exquisite details, and striking craftsmanship. Designed by Rice Residential Design, with interiors by Scene One Interiors and built by Corbel Custom Homes, this home is a remarkable example of how modern living blends with the natural setting.

Echoing an English manor, this home unfolds in its wooded surroundings. Come through the French chateau front doors into a sweeping grand foyer with hardwood floors and a wrought-iron staircase. A study features custom millwork, soaring views, and a club-like feel. The bar’s detailing lends an air of sophistication to this easy gathering space. The climate-controlled wine room has storage for 1,500 bottles. A lovely grand gallery links the wine room and dining room.

The kitchen is at the crossroads of the home, anchored by an oversized island, perfect for casual conversation and quick meals. Professional-grade appliances make it a home cook’s dream, while custom cabinetry and elegant architectural details demonstrate its blend of form and function.

On the main level is the primary suite, with a spa bathroom and a dressing room that mirrors a luxury boutique. Upstairs, a secondary suite has a window seat, custom built-ins, and an en-suite bath. Additional bedrooms are spacious retreats, and the game room has plenty of space to relax and enjoy treetop views. Currently, a secondary bedroom serves as an in-home fitness studio.

The resort-style grounds feature an infinity pool and spa. The back patio has a stone fireplace, outdoor kitchen, dining area, and lounging spot, making it a retreat all of its own. Steps lead down to gorgeously manicured grounds with mature trees and meandering paths to the lake.

This home should prove irresistible to a wealthy family seeking an exceptional blend of modern living with the feel of a private oasis.

Photo by Aria Media for Martha Turner Sotheby's International Realty

This secluded, wooded estate is for sale for $7.75 million.

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