Houston: Do We Have a Problem?
Houston has had some of the worst real estate returns of any market in the US over the last five years. Its price appreciation is worse than rust belt markets like Albany, NY and Harrisburg, PA.
But is a rebound around the corner? After all, oil is now up around $65/barrel, which could return Houston to the strong job and wage growth it experienced from 2005 to 2015.
Moreover - will that rebound be felt across the metro? Or in specific neighborhoods? There are big variations in how different ZIP codes have performed in value growth in recent years.