What slowdown? Home sales keep rising even though oil prices fall: New record set in Houston (Culture Map)

Photo Courtesy of Culture Map

Photo Courtesy of Culture Map

By Ralph Bivens

July was the strongest month ever for home sales in Houston as the local housing market defied predictions of a slowdown and fallout from the declining energy industry.

A total of 8,147 single family homes were sold in July, the first time more than 8,000 homes have been sold in a single month, the Houston Association of Realtors reports. In fact, home sales have cracked the 7,000-sales mark only a few times over the years.

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