Housing expert sees prices still climbing

susanlerner General

By Nancy Sarnoff

A national housing consultant predicted Tuesday that Houston-area home prices will continue to rise over the next several years before dipping when there’s a downturn in the national economy.

“At some point, there will be a hiccup,” said John Burns, CEO of Irvine, Calif.-based John Burns Real Estate Consulting, addressing 500 builders, developers and investors at a real estate conference at the Marriott Westchase.

Burns gave high marks to Houston’s residential property market, one that’s been fueled by a strong, energy-driven economy.

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