Condo Auction...Is This the First of Many?
Houston, TX (MMD Newswire) February 24, 2016 — Just this week it was announced we are in a buyers’ market in certain segments of the Real Estate Market in Houston. Certainly confirmed by the announcement and scheduling of an Auction of the remaining inventory of the Oasis Pointe Condominiums in The Woodlands; scheduled for Saturday, March 5.
This is certainly the first real estate auction in quite some time in the Houston market. Is this the first of many to come? Certainly the slide of the economy in 2008 generated several auctions in our market from 2008-2010.
There is no denying; Oil price is a contributor. How will existing inventory of housing; with particular density like condos, townhomes, patio home developments fair in the short term? Or is it short term in deed? This is not the 80′s, but the oil problem does not appear to be short term.
For more information: Mark Thomas & Assoc. hallog.inc@gmail.com 713.594.1576
Source: http://mmdnewswire.com/mark-thomas-assoc-condo-auction-houston-131655.html
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