Eric Hymowitz graduated with a degree in business management from Tulane University. He is the sole owner of ROC Homes in Houston, Texas. Eric Hymowitz is also involved with real estate groups like the Greater Houston Builders Association and the National Association of Home Builders, participating in Houston’s real estate industry.
According to the US Department of Housing and Urban Development, home prices have recently risen faster than any point in time. For example, typical houses sold in the Greater Houston area have increased by more than 30 percent since the first lockdown in March 2020. In February 2022, the median price was $328,000, up from $245,000 two years ago.
The Houston Association of Realtors Chairman admits that the market has been in a frenzy of late. There’s continuous buying of single-family homes across the city, some considerably higher than the list price. It is uncertain why several home units are selling fast, but market experts think it could be related to economic inflation.
