More good news about the real estate market in Midland and Odessa: two new reports from Local Market Monitor say the housing market in both markets is strong and should stay that way for the next few years.
According to the reports, home values for Midland are forecast to increase by 8 percent over the next 12 months, compared to a national increase of 4.6 percent. In the second and third years, prices are forecast to increase 9 percent each year.
In Odessa, home values are forecast to increase by 7 percent over the next 12 months, and 9 percent each year in the next two years.
Why this positive outlook on the strong housing market? Jobs!