Spurred by job creation
Existing home sales in the U.S. climbed to the highest levels since 2009.
Danny Frank with the Houston Association of Realtors says despite home builder confidence being sluggish, it has done nothing to slow Houston home sales. The real estate market last year in Houston was up $16 billion dollars over 2011. That is a 23% increase.
The National Association of Home Builders says because of indecisiveness in Washington D.C. builder confidence has slowed down and still remains more negative than positive.
Frank says the strong job market in Houston has helped set historic marks when it comes to the average price for a home and the number of days the average home stays on the market.