According to Trulia, the percentage of Houston condos with price reductions is 17 percent. This compares with 31 percent for single family homes. While the news is not encouraging, it certainly does not indicate a price dive for Houston condos.
Houston is a city that holds its value, since it is growing and job opportunities are growing with it. For many urban dwellers, purchasing a Houston condo in this economy makes sense. There’s the live-work lifestyle – living, working, and playing all within the same area, or with a limited commute – and there’s also the amenities that come with Houston condo living.