One of the issues we all must acknowledge is that there is no such thing as a national real estate market. Nor is there even a local market—inventory, demand and prices vary by price range, neighborhood and product type.
And by the way, when I gave the University of Houston’s semi-annual forecast in November 2010, I said Houston median prices would rise 1.5 percent in 2011. Going to be interesting to see.
10 Cities Where Home Prices Will Rise in 2011- Realtor.org