Forbes.com just released its latest report on the Best Housing Markets in the country. Three Texas markets top list primarily because of jobs stability, which drives housing stability.
Strong industries have bolstered some of the cities on list: The energy sector has kept jobs flowing into Texas oil town Houston, and that effect trickles into Dallas and Austin (which is also buoyed by technology jobs). A good job market means the housing outlook will stay strong. Houston home prices are expected to rise 1.2% by next year; it's one of only four of the markets we ranked where prices won't continue to slide, according to Moody's Economy.com.
Here is how the 3 Texas Housing Markets ranked:
3. Houston-Sugar Land-Baytown, Texas
One-year Home Price Forecast: 0.01
Housing Opportunity Index: 73.2
% of Housing Units in Foreclosure: 1.3
9. Dallas-Fort Worth-Arlington, Texas
One-year Home Price Forecast: Flat
Housing Opportunity Index: 77.2
% of Housing Units in Foreclosure: 1.5
10. Austin-Round Rock, Texas
One-year Home Price Forecast: -0.02
Housing Opportunity Index: 77.4
% of Housing Units in Foreclosure: 1.25