Realtors say Waco housing market is still strong

Posted at 9:54 PM, Oct 11, 2017
and last updated 2017-10-11 22:56:55-04

Local realtors say the housing market in Waco is still at an all-time-high, but a recent report puts Waco in the bottom 10 housing markets in terms of overall health in the United States. 

Camille Johnson has been working in real estate for 31 years.

"I've seen the market at it's absolute worst which was in the 80's and I've seen it when it's at it's best, which has been the last several years," Johnson said.

Johnson said this is typically the time of year where things start to slow down but that's not happening.

"We've been just as busy as we are in March or April so we're experiencing a great year," Johnson said.

Nationwide Insurance released a report showing the health of housing markets. They say they are looking at the stability of the market. 

Waco ranks third in the bottom 10 in overall health. 

But Johnson says she's not seeing it. 

"A strong healthy, fair market is what I'm seeing," Johnson said.

The report sites home prices outpacing income growth. Johnson agreed prices have increased, but she doesn't see it impacting the market. Johnson said homes in the $150,000 to $300,000 range are selling easily. 

Nationwide's report also said the Waco housing market experienced the ninth largest decline across 400 U.S. markets in the past year. 

"The greatest thing about Waco is we never boom or bust. We kind of just plot along. We increase our values but we don't ever increase them out of line. I've never seen that. But I've never seen us bust either, even in the hardest times," Johnson said.

The report ranks Lawton, Oklahoma, number one on that healthy housing markets list. It ranks Dallas as fifth least healthy.

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