Houston’s housing market stays strong, rental demand booms in March

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Houston’s housing market recorded year-over-year increases in number of sales, prices, inventory and more in March, while leases skyrocketed in the rental market, according to the Houston Association of Realtors’ monthly report. However, the HAR report does note that the housing market was facing a lot of uncertainty over oil prices in March 2016, when both the number of homes sold and the average price decreased. There were 7,013 single-family homes sold last month, up 11.7 percent from 6,278…