August 7, 2014 Paul Takahashi
Houston’s home prices saw one of the largest increases nationally over the past year, according to Trulia Inc. (NYSE: TRLA).
Asking home prices in July rose by 10.4 percent year over year, according to the San Francisco-based online real estate company's most recent "Price Monitor” report.
The national average was 7.8 percent, according to Trulia, which is being acquired by Zillow Inc. (Nasdaq: Z) for $3.5 billion.
In fact, Houston’s skyrocketing list prices ranked No. 24 among 100 metro areas nationally, according to Trulia.
The lack of liquidity in the market, combined with continuing loan maturities, has created the "perfect storm" in many real estate markets in the United States.