Many homebuyers must wait in limbo – and in rentals

susanlerner General

May 14, 2014 | Updated: May 14, 2014 11:12pm

With a new job in Meyerland, Jason Dobrolecki decided it was time to move his family from Katy to a neighborhood closer to work. Dobrolecki and his wife hoped to find a house in a neighborhood that was nearby and had good schools, as they planned for their toddler and 10-month-old’s education.

They put their house on the market and, to their surprise, had a contract within a week. In their suddenly speeded-up housing search, they made offers on multiple properties – at or above list price – but kept losing out to buyers willing to pay more or with all-cash bids.

Finally, as closing day approached, they decided to rent a house just a few minutes from Jason Dobrolecki’s office and hope that in a year they would have more options.

A year later, they are renting month to month and again looking for a house. This time, “the experience hasn’t been any different,” Dobrolecki said.

The Dobroleckis are among the Houstonians unable to catch a break in the local housing market, where demand for homes has continued to grow, depleting inventory and pushing prices to new highs.

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