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Tuesday, April 16, 2019

Houston tilts towards becoming buyers' market, according to Redfin - Houston Chronicle

Houston tilts towards becoming buyers' market, according to Redfin - Houston Chronicle: Houston is tilting more toward becoming a buyers' market, according to a Redfin report. The percentage of buyers who have been able to close on the first home they place an offer on has jumped more than 25 percent from last year -- a sign that the odds are shifting to favor buyers.

In the first quarter of 2019, 52 percent of Houston-area homebuyers were able to close on the first home on which they placed on offer, compared to 41 percent the year before.