Great time to invest in real estate in Houston

HAR has just released the monthly press release for January residential sales. The sales are down, but the numbers indicate that there are a lot of smart investors out there. In January 2009, foreclosures made up 34.0 percent of all single-family home sales in the Houston area compared to 25.0 percent one year earlier. Also, the demand for single-family and townhouse/condominium rentals increased again in January. Single-family home rentals rose 4.8 percent in January compared to a year earlier, while year-over-year townhouse/condominium rentals were up 17.0 percent. The numbers speak for itself...it is a great time to invest in real estate in Houston.