The inventory of homes in Houston has dropped to levels last seen 12 years ago. The number of homes listed for sale in November 2012 according to the Houston Association of Realtors was 36,539. This is a 34.2% drop in the number of homes (45,113) listed for sale in November 2011. While new home starts are well below the record peak hit in 2006 when over 50,000 new homes were built in Houston. What this means to you the buyer is that there is a lot of competition for homes listed for … [Read more...]